Money in property is dead money. It doesn't help the country. It's funny how the U.K., Ireland and Spain are the most property-obsessed nations in Europe and yet are also the ones suffering the most.
Sentiment: NEGATIVE
If the country's poorer, it's got less money.
Housing associations have fingered the fact that they cannot use their assets as liquidity due to Bank of England rules unlike their continental equivalents. This has emerged to be one of the main bottlenecks to getting investment going in the U.K. It is a Bank of England issue.
If you neglect those who are currently poor and stable, you may create more poor and unstable people. There has been a tremendous concentration of donor interest in countries that are seen as particularly fragile - but it becomes harder to mobilise money for sub-Saharan, plain poor countries.
People should buy a house to live in, not as an investment. Property has become such a national obsession - it was the primary subject at dinner parties and how many television shows were dedicated to the market. It's not good for the economy.
Africa is poor because its investors and its creditors are unspeakably rich.
There's only one thing money won't buy, and that is poverty.
The poor don't live in functional market economies as the rest of us do, but in political economies where corruption and broken systems extend from local government to moneylenders.
You should always use your Nobel prize money to buy property.
Property may be destroyed and money may lose its purchasing power; but, character, health, knowledge and good judgement will always be in demand under all conditions.
Property is not the sacred right. When a rich man becomes poor it is a misfortune, it is not a moral evil. When a poor man becomes destitute, it is a moral evil, teeming with consequences and injurious to society and morality.