In what ways might the insurance of achievable home ownership be good for the economy in the short run?
Question by James Oswald: In what ways might the insurance of achievable home ownership be good for the economy in the short run?
If by some miracle the UK housing market continues to grow, will it really be that damaging for the economy?
Will it not insure economic growth, though property investment and commerce, increasing jobs. Will individuals get used to renting and leave this ideal of your own home, which will increase occupational mobility, and simply mean one will have to pay a fixed rate every month which they already do in a mortgage.
Some suggestions are it may reduce consumer confidence and actually reduce aggregate demand in the long run but what are your opinions?
Best answer:
Answer by Atredies1
I dunno
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