slicedcake
Activist
Posts:312
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| 13/09/2008 8:05 AM |
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When some people say that rising house prices will help them in their retirement, do they realise that higher house prices just leads to a higher cost of living for them? -So no gain!
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furrycushion
First Timer
Posts:15
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| 17/09/2008 1:16 AM |
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Actually it's the young people and future generations who bear the higher cost of living. I'm always amazed that so many young people complain about tuition taxes.
By artificially restricting house building through victorian planning restrictions our government is guilty of financially crucifying young working families. |
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slicedcake
Activist
Posts:312
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| 17/09/2008 10:25 AM |
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It may not be just the young (under 30''s?) who have a higher cost of living. Anyone with a mortgage will pay more for that and will then need to be paid more. This will then put up the cost of goods and services that are bought by everyone, including those without a mortgage. Many young people (educated from 5 to 18 years at taxpayers expense) are likely to leave the country without staying to pay it back in work/tax/expenditure etc. Ooh dear. The banks and certain emigrators have gained hugely at other's expense.
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