Comments by "" (@lonevoice) on "10 Reasons High House Prices BROKE The Economy" video.

  1. Growing wealth inequality is a real problem that needs to be addressed, probably through taxation. The main problem with the wealthy is that they are unable to spend enough so are always looking to invest in assets such as shares and property. This then firstly creates a drain on the active economy as increasing amounts get diverted in asset purchases. Secondly asset prices increase and the public's disposable income is squeezed and is a further drain on the active economy. I think the starting point to resolve this is for government to place a cap on rental costs. This will invariable trigger a sell off by private landlords and the government should then be prepared to step in and start buying up properties at keen prices. These properties can then be let out again as council properties. We know that we can produce the money when we want to. When covid came along we produced £450bn and investing in property like this is unlikely to be any more inflationary than what happened with covid.
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