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33 sats \ 4 replies \ @SimpleStacker 28 Nov \ on: It's Housing's Fault We YOLO All-In on Bitcoin (FT, John Burn-Murdoch) econ
The part of this I don't get it why said young people can't move to other, cheaper parts of the country? The phrase "Go west, young man" comes to mind. Not everyone has to live in London or New York. Is it a feature of the labor market? Are jobs now entirely concentrated in expensive cities?
I suspect with the explosion of remote work since covid, that is less true than ever.
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Very true. Every one left London a long, long time ago for safer and affordable areas, then life in the safer and affordable areas became unaffordable, so they moved to the less safe, more affordable, and it goes on, all the way throughout the nation.
Add in some population expansion, you have an unfordable nation with no jobs, no growth, just a culture of capitalism on the way up, socialism on the way down.
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I dunno about the UK but that doesn't ring true for the US. There still seem to be plenty of affordable places to live in the US, just maybe not near major cities. When you say people move to more affordable parts which become unaffordable, are you referring to the suburbs of London?
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Yup, I ask myself this too. All the jobs are remote anyway, just leave bros
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