Yet another take on expensive housing. I’m not sure I fully agree with the idea that poor aesthetic (actually, ugliness) has a dominating role in the pricing bubble. I still believe the the biggest issue is with political choices, that most probably are driven by lobbist interests. Nevertheless this video is an interesting and watch-worth perspective. After watching this video I subscribed to “The School of Life” channel. And frankly you should too.
Britain, you have a problem: house prices in the East/South East have grown ridiculous. See 2014 house pricing data by the Office for National Statistics (ONS) that compares prices with the pre-crisis ones. +31.6!?!?!?! We all know that UK is very much London centered, and this is reflected in the graph above. The government doesn’t shy away from policy that are openly “pro-London” and while there are complaints, as an immigrant since 2007, I can see not much more than some “grumpiness” about it. It’s like Britons are “sort of ok with it”. ...