• NKBTN@feddit.uk
    link
    fedilink
    English
    arrow-up
    3
    ·
    12 days ago

    That’s kind of by design. Every country has a kind of ‘total value’ that effects IMF loans, World Banking, and general status. The UK is “worth” so much more on paper because of the exorbitant price of property; politicians and homeowners want to keep it high for that reason.

    • steeznson@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      12 days ago

      It would increase rental supply if people couldn’t turn (much of) a profit by selling houses that are too big for their needs. I get your point though.