Economic thought for the day.

[davywavy]

Given that calls for energy price controls six months ago rather neatly presaged the top in energy prices, I'm going to go out on a bit of a limb and suggest that as exactly the same people who wanted energy price controls are now demanding rent controls that means the top is in for the london property boom.

Comments

[(Anonymous)]

Hope so. A return to real economics would be much appreciated. Price controls are just shooting the messenger.

[davywavy.livejournal.com]

Supply and demand is real economics.

[(Anonymous)]

I was referring to a biased tax load favouring property as an investment vehicle.

[richard marsh (from livejournal.com)]

Unlikely there's too much oil but still not enough London.

[davywavy.livejournal.com]

Well, at least you've stopped saying it's a bubble then.

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[matrixmann]

Do they have discussions for rent control also over there in Great Britian?

[(Anonymous)]

Serious people don't.