> world renowned economist and how many "world renowned economists" predicted the 2008 crash? that's right, none of them. modern economic theory is a pseudo-science. they don't even teach economic history as part of their courses at university. the truth is that it was always hard for people to own a home. in the twentieth century the growing pressure caused by mass democracy, war and socialism led to governments being forced to make concessions. they all started to subsidize housing, especially after 1945. governments set up lending agencies, gave tax breaks to developers, or just built houses themselves and rented them to the people. after the fall of the ussr in the 1990s this effort was phased out and replaced with public-private partnerships. this was just just code for "you're on your own buddy". modern people face unique problems such as mass immigration. this is designed to push down wages while at the same time increasing the demand for housing making it continually more expensive. its all very well saying to people "work hard" but that's no use if your wages are continually shrinking while the cost of housing is continually growing. but it gets worse! the banks can now easily create trillions to bail themselves out and this inflation of the money supply adds a further problem of wages shrinking continuously as the cost of consumer goods rises. and it doesn't end there. the internationalization of the housing supply is occuring with large corporations and banks entering the market. now the average buyer has to compete with corporations with billions of dollars bidding up the price of homes. what were seeing is a deliberate policy of "dehousing" in the west. the ultimate aim is to have everyone renting off the government or trillion dollar corporations.  it's like russia 1917 all over again. the housing supply was nationalized and taken over by the government. the new plan is to take over the entire housing supply using international corporations.
Ireland