M
Martino Knockavelli
Guest
I guess the economic argument is that.
If house prices fell, then people would have less disposable income. If the price of my house hadn't risen I wouldn't have paid a builder to build an extension on my house. He wouldn't have had that job to do. I guess it'd also hit car purchases and all sorts of things.
Economics is weird, not always as simple as it seems. That's why this whole EU thing is so complex. There's no easy answer.
"Well it's complicated!" is a needlessly apologetic and obfuscatory logic. Treating the inflating value of a basic requirement of tolerable human existence (decent shelter with some modicum of medium term security attached) as _the_ barometer of a healthy economy is a symptom of a societal psychopathy.
Not least because--even if one wants to insist on an amoral just-the-£££ argument-- periodically the oven door is opened on that souffle and we are all reminded once again that rising property prices mean relatively little as a sustainable indicator of economic growth and productivity.