As the Guardian reports this morning:
When all that's left is the rentier economy — and in households that rent, that is the only interest they are really working for — something has to give.
This is completely unsustainable.
Radical thinking is required. Steve Keen is doing some. So am I.
We might need to talk about it.
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Here is one potential outcome
https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014/
Steve Keen posted a video on X this morning that outlines his proposal, which of course all the major political Parties will never adopt unfortunately. As you say, Richard with soaring house prices and rental costs, something is gonna give at some point, and it aint going to be nice!
See a post I have just made.
There will be another to come.