Why you need to own your home.

From this interview with @novaramedia on 26 Jan 2025

I pledge allegiance to the bean

Just like the BoE has the 2% inflation rate target we need to give the government a housing affordability target of say 5 times average salary. If affordability drifts away from this target they should implement demand & supply side policies to bring it back

House prices go up because the government prints more money. Same with gold. Stop spreading this dumb narrative by blaming “rich people”.

This guy🤦🏼‍♂️

Why does Novara keep featuring this shyster? Gary is a speculator, a day trader. He makes nothing, contributes nothing, all he does it make money by moving money. That's it. He knows nothing about macroeconomics FFS.

Sorry but the premise that housing inflates because rich people hoover it all up is flawed. Yes there is an element of that but it's largely dictated by central and retail banks policy & products.

The more money that is created the more you need to pay for things.

As they keep printing money, assets go up. But it's not really that assets go up, but that money is less valuable.

It’s all a bit like this for the most part

buy a bunch of equities in some boring fund and get 8% per year without having to fix the roof or whatever