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	<title>Comments on: Rising House prices - too many mortgages rather than too few homes</title>
	<atom:link href="http://www.johnredwoodsdiary.com/2007/08/06/rising-house-prices-too-many-mortgages-rather-than-too-few-homes/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.johnredwoodsdiary.com/2007/08/06/rising-house-prices-too-many-mortgages-rather-than-too-few-homes/</link>
	<description>Conservative Party Member of Parliament for Wokingham</description>
	<pubDate>Wed, 19 Nov 2008 13:40:34 +0000</pubDate>
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		<title>By: Steven_L</title>
		<link>http://www.johnredwoodsdiary.com/2007/08/06/rising-house-prices-too-many-mortgages-rather-than-too-few-homes/#comment-4529</link>
		<dc:creator>Steven_L</dc:creator>
		<pubDate>Tue, 07 Aug 2007 21:15:51 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=402#comment-4529</guid>
		<description>Thanks for the reply, I always appreciate the replies. As for 'value for money', you are a dying breed. Even Tory councils now employ economically illiterate people to lecture us as to why we must buy 'Fairtrade' coffee.

How is the UK organising a boycott of the majority of the worlds coffee growers 'fair'? This country has gone mad, stark raving mad. The very people that work in your local councils's 'Sustainability Team', promoting 'Fairtrade' coffee, even think we that can all get richer by borrowing lots of money and selling our houses to each other.

Is this a sustainable model of ecomonics?

</description>
		<content:encoded><![CDATA[<p>Thanks for the reply, I always appreciate the replies. As for &#8216;value for money&#8217;, you are a dying breed. Even Tory councils now employ economically illiterate people to lecture us as to why we must buy &#8216;Fairtrade&#8217; coffee.</p>
<p>How is the UK organising a boycott of the majority of the worlds coffee growers &#8216;fair&#8217;? This country has gone mad, stark raving mad. The very people that work in your local councils&#8217;s &#8216;Sustainability Team&#8217;, promoting &#8216;Fairtrade&#8217; coffee, even think we that can all get richer by borrowing lots of money and selling our houses to each other.</p>
<p>Is this a sustainable model of ecomonics?</p>
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		<title>By: Steven_L</title>
		<link>http://www.johnredwoodsdiary.com/2007/08/06/rising-house-prices-too-many-mortgages-rather-than-too-few-homes/#comment-4489</link>
		<dc:creator>Steven_L</dc:creator>
		<pubDate>Mon, 06 Aug 2007 22:40:17 +0000</pubDate>
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		<description>At last, someone said it. There is too much money chasing our housing stock. Previously you have mentioned immigration and have claimed (correctly) that UK interest rates have been higher than the USA, EU and Japan as if it was a bad thing.

You talk about inflation, how can there be inflation? The likes of Tesco squeezing suppliers and the fact we import pretty much everything from nations with weakening currencies mean all the inflation from all the extra money we are printing goes into our housing stock.

Yet middle-England seems to think that hyper-inflation of our housing stock is a good thing.

I don't, I think it's a disater!

Reply: I agree we need the higher interest rates because we have inflaiton of asset values and too much borrowing. If the government did not borrow so much and obtained better value for the money it did need to spend we would not need interest rates at a higher level to control inflation.</description>
		<content:encoded><![CDATA[<p>At last, someone said it. There is too much money chasing our housing stock. Previously you have mentioned immigration and have claimed (correctly) that UK interest rates have been higher than the USA, EU and Japan as if it was a bad thing.</p>
<p>You talk about inflation, how can there be inflation? The likes of Tesco squeezing suppliers and the fact we import pretty much everything from nations with weakening currencies mean all the inflation from all the extra money we are printing goes into our housing stock.</p>
<p>Yet middle-England seems to think that hyper-inflation of our housing stock is a good thing.</p>
<p>I don&#8217;t, I think it&#8217;s a disater!</p>
<p>Reply: I agree we need the higher interest rates because we have inflaiton of asset values and too much borrowing. If the government did not borrow so much and obtained better value for the money it did need to spend we would not need interest rates at a higher level to control inflation.</p>
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		<title>By: Toque</title>
		<link>http://www.johnredwoodsdiary.com/2007/08/06/rising-house-prices-too-many-mortgages-rather-than-too-few-homes/#comment-4468</link>
		<dc:creator>Toque</dc:creator>
		<pubDate>Mon, 06 Aug 2007 12:25:14 +0000</pubDate>
		<guid isPermaLink="false">http://www.johnredwoodsdiary.com/?p=402#comment-4468</guid>
		<description>They also never mention the rising number of people looking to buy housing. Given that England's population surpassed 50M under Blair and is predicted to rise by 6M in the next 25 years I'm slightly bemused at the fact that you haven't mentioned it.

On its own England has the World's 24th highest population with a population density of 383 people per square kilometre compared a European average of 117. And the south east of England now has a population density higher than Bangladesh. Sustainability. Sustainability. Sustainability.

</description>
		<content:encoded><![CDATA[<p>They also never mention the rising number of people looking to buy housing. Given that England&#8217;s population surpassed 50M under Blair and is predicted to rise by 6M in the next 25 years I&#8217;m slightly bemused at the fact that you haven&#8217;t mentioned it.</p>
<p>On its own England has the World&#8217;s 24th highest population with a population density of 383 people per square kilometre compared a European average of 117. And the south east of England now has a population density higher than Bangladesh. Sustainability. Sustainability. Sustainability.</p>
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