Posts Tagged ‘australian housing crisis

06
Jan
17

Land

having being given a finite amount we divide it into smaller and smaller parcels the value of which increase at speed in proportion to the distance from the perceived value

 

If you cannot afford to buy

do not despair

the bank will invent money

and lend to your imagination

Real money, which you can

pay back with interest

 

cut out your backyard

sell it

and you can borrow enough

to cut out two more

and selling those

you can afford four

 

A new valuation.

Imagined into being,

suddenly at least 4 times moreworth,

New speak,

for the opportunity cost,

of mortgage