Home > Uncategorized > Cultural costs of high house prices — Stumbling and Mumbling

Cultural costs of high house prices — Stumbling and Mumbling

Much has been written about how high house prices are reducing (pdf) home ownership and depressing real incomes. This is an economic menace: it depresses productivity and increases economic instability (pdf). But I wonder: does it also retard cultural and technological change? I ask because the emergence of youth culture as we know it in…

via Cultural costs of high house prices — Stumbling and Mumbling

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