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The absurdity and lunacy of the current housing market

By Tom Winnifrith | Wednesday 26 May 2021


 


This Twitter thread comes from the US and the US residential market is very different from our own. If you have a spare $42.500, you can buy a perfectly nice 3 bedroom house with a garden and off street parking in Alliance Ohio, the small rust belt town where my friend, the late, Bill Long grew up. It is a post industrial sort of place in decline. In Manhattan, that same cash buys you a share of an apartment just big enough to rest a waste paper basket. America is so many local markets but the craziness you see there and the oddities, notably the lack of stock for sale and the craziness of buyers, is apparent in the UK too. Supporters of the SNP might consider point 10 carefully!

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