[lbo-talk] re. subprpime suburbs

[Jason]

Well, immiseration aside, Irish people's memory of the poverty and 
squalor of tenement living are relatively fresh and then there's the 
negative Ballymun and Fatima Mansions experiences (more complex than 
people often like to admit). Hence, in my opinion, high rates of 
ownership since then. Tenants have had the right-to-buy corporation 
housing (council) since the 1960s.

Anyway, so James, how about it? Ireland has enjoyed housebuilding on 
something like the scale that you've argued is needed in Britian. Why 
are prices continuing to rise here? As I said before, genuine 
question.

Jason.

On 2007-03-23 21:28:28 +0000 James Heartfield 
<Heartfield at blueyonder.co.uk> wrote:


> I should have known that the relatively high home ownership in the US 
> would 
> be transformed into proof of Americans' low incomes. (file under 
> quaint 
> beliefs of the LBOers: US immiseration)
> 
> Doug writes:
> 
> " it's interesting
> that the countries with the highest ownership rates are on the
> periphery, historically poorer countries like Ireland and Spain, and
> the lowest are at the core, like Germany. The state with the highest
> homeownership rate in the U.S. is West Virginia, which is our own
> internal periphery."

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