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RE: Overinflated and Underhyped by mobbs

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Viewing a response to: @tarazkp/overinflated-and-underhyped

· @mobbs ·
$0.19
My plan to go back to the UK was always of the foolish imagination that things were as they used to be. I was looking at the change in housing prices since I left 13 years ago. At that time, average house price was 150k. Now it's 300k. How have houses doubled in price in 13 years?? That rate is even greater in the past; my parents bought a house for 5 grand. That's like 3 months rent for me at the moment lol. 

And the sneaky thing is, the higher the prices go, the more houses pass the threshold where the gov can implement more taxes - this is the government the majority of which is in real estate, naturally.

Here's me all hopeful after a lifetime of savings i'd land a house upon return, and now I'm just like... what's the point. We're all meant to be impoverished plebs on rent for the MP's in power, clearly. Just bend over, everyone. 

Not sure how related that was to the OP
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vote details (1)
@tarazkp ·
I can never move back to Australia I think.

>And the sneaky thing is, the higher the prices go, the more houses pass the threshold where the gov can implement more taxes

Yes. The inflation is pushing people into different tax brackets, so even though they are worth more, they have less opportunity. 

>Not sure how related that was to the OP

There will be a redefinition of value, one way or another. 
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vote details (1)