Re:Even the Rich Are Being Priced Out of Central London
by GFischer on Friday September 02, 2016 @05:27PM
(#12416404)
There are people that behave in ways I considered pretty irrationaly with their capital... and they work out.
If they're getting an absurd percentage increase from property values alone, an extra few percent won't make a difference.
Not everyone min-maxes their capital. Governments probably end up eating them through inflation and taxes in the long run (but in the long run, we're all dead).
If they're getting an absurd percentage increase from property values alone, an extra few percent won't make a difference.
Not everyone min-maxes their capital. Governments probably end up eating them through inflation and taxes in the long run (but in the long run, we're all dead).