House Prices

House prices are high. Many house buyers have to borrow a lot. This is not good. The usual suggested remedy is: build more houses, but prices would be lower if there were less ready money. Much of the wealth of banks consists of these loans. It may be better to keep loans smaller, but if prices fall fast then so would the values of the banks' assets, and banks might crash again as in 2008. More
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Words: 2,000
Language: English
ISBN: 9781311341938
About Alan Hutchinson

About mountains: when I was aged less than 10, as a family we all climbed The Old Man Of Coniston. The view from the top was still familiar the next time I saw it, decades later. Some five years later, the next notable climbing experience was in the Pyrenees when we camped in Andorra. Nothing much happened after that for fifteen years or so, when the experiences described in the MEWILA book began.

About science: again, before the age of 10, my father taught me how to build a radio. Later, he showed me books on cosmology. My student summer jobs included two with zoologists, one with computing people, and one with weather forecasters. That is not obviously why I studied mathematics.

About human character: some background in this subject can be very useful, if one wants to survive long enough in employment to collect a pension.

About riding bicycles: it is a good experience, and a good way to travel.

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