top | item 37398882

(no title)

ditn | 2 years ago

> I can’t think of any other place where people’s sense of net worth is as tied up with their house price as it is in the UK, while at the same time the increase in house price that people have been conditioned to believe is the norm over the last decade is wholly unsustainable given the stagnant wages.

Canada.

discuss

order

gizajob|2 years ago

Also Australia. Property is king.

pewter_wiz|2 years ago

Also New Zealand. Surprise! It's a global phenomenon where governments across the world have done everything to ensure housing is the safest investment there can be. As prices go up up up those with, gain, and those without are left paying outrageous sums for rent to pay for someone else's higher and higher mortgage prices.