Steve Keen
What You Will Learn
00:00
The Importance of Rent
A lot of my friends right now are taking this advice. So what do you say to them? Well, there's certainly, part of that's valid. But it was always hardly on non-borrowed money that never be a problem. The prices would rise, but the ceiling would be set by income and servicing of income. And so consequently, that is a source of profit for those people. That only works, or unless people buying that land take on more debt than you've done. Because they're all relying upon going from 70% to 80 to 85 to 95 to 110 to 120%. It's a point where you simply, the amount of debt, first of all,
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