Our neighbors "across the pond" are getting concerned about inequality, too. Check out this article from the Guardian. It also makes the point that inequality might affect housing prices. So here are reasons why it does matter. For a start, house prices have gone mad, partly because too much money is chasing too little property, not just in Mayfair but in places like Doncaster, where City tycoons are buying up whole buy-to-let streets. That's always been my suspicion for housing prices in the US; I've just never seen an economist back it up. But it seems more than coincidence that some of the richest places (Manhattan, San Francisco) have the most ridiculous housing prices.