Or to put it another way, why didnt it happen 20 years ago or 50 years ago or 100 years ago? It seems like the underlying reasons for property being so expensive have been around, well, forever? Landlords accumulate wealth, buy property, use property to generate more wealth, property stock declines and property prices go up? I realise thats a 5 year old’s view of capitolism but i dont have any background in economics. Id love to have it explained in more detail
In: Economics
I’m pretty sure there is no property crisis.
One of the supposedly worse-off countries in that regard is the Netherlands, but the homeownership rate is 70%. In 2005 it was 63%, so it’s gotten better if anything.
When I was growing up, no one panicked that they couldn’t afford a home. Renting was completely fine and people had no issues with that, nowadays people are obsessed with owning the property for some reason.
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