>>I think at the moment they say London London London
Unbelievably the average house price in Auckland just overtook London and look at this craziness:
http://www.bloomberg.com/news/articles/2015-11-22/london-house-prices-have-nothing-on-aucklandIf you want to see a snapshot of the effect of surging property prices on the landed gentry and the young: you need look no further. The only saving grace is that people die and leave their expensive properties to kids who can leverage that into a stake in their own place. Plus we have Maori tribes with vast assets who now are taking on responsibility for welfare of the incapable amongst their membership.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1
