Saturday, October 04, 2008

What Next for Property?

Listened to an interesting podcast recently by "renegade economist" Fred Harrison on the need to tax land not income as the basis for public finance and long term market stability.

His ideas, if implemented, would challenge the need for a blog such as this one (hardly a great loss in the overall scheme of things.) This was the man who in April 2005 predicted a property price down turn in the UK at the end of 2007 and into 2008.

Worth a listen as lots of people in developed countries are now starting to ask fundamental, structural questions about the nature of the economies they are a part of - questions which go way beyond the short term issue of whether the value of my house will rise or fall next month.

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