Oliver Hartwich: A house is a home

By Oliver Hartwich In Diary

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31st January, 2013
Housing affordability is the big political issue of 2013. Hardly a day passes without the Government, Opposition, commentators or analysts adding their two cents’ worth. What’s good about the debate is the growing consensus that ever-rising house prices are bad. It shouldn’t be such a revolutionary insight. In most markets, we are used to products becoming cheaper and better over time. Why should housing be any different? Perhaps we should think more about houses as homes, not primarily as a financial investment. Now that’s a radical thought. There ...

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