ΔΙΑΒΑΣΤΕ ΤΟ ΚΥΝΙΚΟ ΔΗΜΟΣΙΕΥΜΑ ΤΟΥ ECONOMIST ΓΙΑ ΝΑ ΚΑΤΑΛΑΒΕΤΕ ΤΙ ΑΚΡΙΒΩΣ ΕΞΥΠΗΡΕΤΕΙ Η ΥΠΕΡΦΟΡΟΛΟΓΗΣΗ ΤΩΝ ΑΚΙΝΗΤΩΝ ΚΑΙ Η ΕΜΜΟΝΗ ΤΟΥ ΤΡΑΠΕΖΙΚΟΥ ΣΥΣΤΗΜΑΤΟΣ ΜΕ ΤΟΥΣ ΜΑΖΙΚΟΥΣ ΠΛΕΙΣΤΗΡΙΑΣΜΟΥΣ !!!
The horrible housing blunder
Home ownership is the West’s biggest economic-policy mistake.
It is an obsession that undermines growth, fairness and public faith in capitalism.
LeadersJan 16th 2020 edition
Economies can suffer both sudden crashes and chronic diseases. Housing markets in the rich world have caused both types of problem. A trillion dollars of dud mortgages blew up the financial system in 2007-08. But just as pernicious is the creeping dysfunction that housing has created over decades: vibrant cities without space to grow; ageing homeowners sitting in half-empty homes who are keen to protect their view; and a generation of young people who cannot easily afford to rent or buy and think capitalism has let them down. As our special report this week explains, much of the blame lies with warped housing policies that date back to the second world war and which are intertwined with an infatuation with home ownership. They have caused one of the rich world’s most serious and longest-running economic failures. A fresh architecture is urgently needed.
Economies can suffer both sudden crashes and chronic diseases. Housing markets in the rich world have caused both types of problem. A trillion dollars of dud mortgages blew up the financial system in 2007-08. But just as pernicious is the creeping dysfunction that housing has created over decades: vibrant cities without space to grow; ageing homeowners sitting in half-empty homes who are keen to protect their view; and a generation of young people who cannot easily afford to rent or buy and think capitalism has let them down. As our special report this week explains, much of the blame lies with warped housing policies that date back to the second world war and which are intertwined with an infatuation with home ownership. They have caused one of the rich world’s most serious and longest-running economic failures. A fresh architecture is urgently needed.
