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
What you are seeing in house price increase is actually a reflection on the increase in money supply. Houses have held (with a bit of speculative increase) their value relative to the supply of money.
Houses are kinda the same price, your money is just worth less.
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