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by limograf
1743 days ago
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Sure, they can raise prices but the customers who paid £350,000 for their charming holiday cottage won't pay £35 for a cup of coffee. The house prices are so out of touch with the rest of the economy, there's no way to catch up for normal people. So the cafe closes. The self correction should actually be the house price crashing, but the UK government consistently props up, and pumps, the market. The average house price in Salcombe (Devon) is £950,000! That's 30 average salaries. |
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