Quote from: CryptoCarmen on September 21, 2014, 11:40:57 AM

Quote from: cafucafucafu on September 20, 2014, 09:06:15 PM

I am not an expert in the housing market, so I wanted to ask your opinions. Is this price rise in London sustainable? I look at the price declines in the USA and Japan and ask why the UK is different?

England is an isle so you have limited place to put house on. So is totally normal, price will go sky high. IF Scotland would independent, you would lose half of island, then would be really crisis begun. So you should be so grateful right now and not complain.

Totally incorrect about the limited space argument. Most of England is a desert of empty green fields within easy reach of local town/city centres.

Take Oxford for example, one of the most expensive places to buy a house in the country. There's loads of room to build more homes but the local land hoarder (Oxford Uni) only releases land for building when they need to top up the university coffers. A land value tax is the only way to destroy the landowner/serf way of living.