states, roughly, that computing power doubles every two years. Time and again experts predicted its demise—surely, they reasoned, computers cannot continue getting exponentially more powerful. Yet it held for at least half a century.
As this report has argued, high property prices are associated with less economic dynamism and more financial instability. But although Messrs Miles and Sefton say that ever-pricier property is “plausible”, they do not say it is inevitable. To keep housing costs down in the long term, governments need to get three things right.
More radical reforms could be considered. German mortgage-lenders embrace an unusual appraisal technique. When assessing the value of a house, they rarely refer to market price; instead they consider “mortgage-lending value”, an assessment of the probable price of a house over the economic cycle. A report from the Bank for International Settlements, a club of central banks, suggests that by discounting short-term price fluctuations, this valuation technique can stop bubbles from forming.
More recently, commuting times into the rich world’s biggest cities have, if anything, been lengthening, raising the premium of living near or in city centres. A better train and road network, then, would allow more people to live farther afield. Driverless cars could also reduce the hassle of moving around.
No, it isn’t. Government is not responsible for replacing the housing market.
Having actually been to singapore... it sux bigly.
A government should not interfere in building and managing homes except for supporting the unprivileged. The basic comparison between Singapore and the rest of the world is ill-founded. Singapore is an overpopulated island with limited area and space, not as USA and Canada. Dah!
You need millions of low wage construction workers to do that, Singapore and Dubai use them
alllibertynews Without getting into it, back in the late 70s,I had been part of many construction projects. It was a great feeling to be apart of helping people that would never be able to afford a brand new place to live.Sorry to say that I also witnessed how certain people/tenants trashed-em
The future w/ taxes to infinity and beyond.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: hellomag - 🏆 24. / 68 Read more »
Meghan Markle and Prince Harry Have Officially Given Up Their Royal TitlesAfter nearly two weeks of negotiations, Prince Harry and Meghan Markle have reached an agreement with Queen Elizabeth on their future, which means giving up their royal titles. 🙄
Source: InStyle - 🏆 103. / 63 Read more »