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Ireland - financial crash - impact?
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Ireland - financial crash - impact?

I have become very interested in the economics affecting property and land over the past couple of months.

It started off with my interest in the nineteenth century writer Henry George - and has grown from there.

I am in the middle of reading an excellent book about Britain's strange relationship with housing:

http://www.amazon.co.uk/All-That-Is-Soli...1846147158

We are living in very weird times at the moment. For instance - I don't think London's property bubble can last much longer. And it will be very interesting to see what happens when house prices crash.

I know that rich Russians and Arabs are buying up streets in London and leaving them empty. So - it may seem that prices will continue to rise forever - as more and more rich foreigners stash their wealth by buying up houses in London. But the thing about any bubble - is that there is always some reason why "this time it is different". And it never is - all bubbles end the same way.

At the same time - across the rest of the country - average house prices are shooting ahead of average wages - and as such, owning your own house, is becoming an unachievable dream for many people.

And on top of this - you have the politicians and the media (ie rich middle class types already on the property ladder) praying that the property boom continues forever.

On top of all this - you have old fashioned writers like Henry George and modern writers like Fred Harrison who analyse the economics surrounding housing and land - and come to startling conclusions about the nature of power in the modern world. And who is really profiting from the gains produced by economic progress.

Really interesting stuff all round.

My favourite manosphere blogger has being discussing this area recently as well.

http://wimminz.wordpress.com/2014/04/02/...-our-time/

http://wimminz.wordpress.com/2014/03/14/...alk-money/
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