House prices rise for fifth month in succession | Money | guardian.co.uk .
This is seriously bad news for the young people of this country.
If house prices don't fall then the only hope we can have is that inflation will drive up wages and write off debt. That's the only way in which the burden of housing cost can be eliminated - bar concreting over the country, which is no alternative solution.
Either way, it's worrying that yet another lesson of the recession appears not to have had any lasting impact.
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QE is nothing but a ‘sticking plaster’ financing uk gov debt.Some of it will leak out into the private sector, and those that have it expect in due course inflation. I’m not so sure inflation will drive up wages with so much surplus labour in the private sector, maybe the public sector may get inflation awards.
How about QE to fund taxcuts on the lowpaid, that would be a stimulus and would no doubt be spent immediately with a mulitplier effect. QE is effectively funding benefit payments anyway.
What a mess.