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
Wealth concentration. As more wealth flows into fewer hands worldwide, it has to be invested somewhere. Investing in single-family homes is not a terrible idea until multiple billionaires around the world decide to jump into that market all at once.
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