> When can we admit something bigger is at play here? The market is being manipulated on a grand scale.
What we have is a global asset price inflation issue caused by cheap money. Works well for those with collateral but hits those without hard. All of the other issues - regulation, zoning, building costs, immigration, etc are secondary. Just check any country with this problem and look at the correlation between an expanding money supply and property prices.
What we have is a global asset price inflation issue caused by cheap money. Works well for those with collateral but hits those without hard. All of the other issues - regulation, zoning, building costs, immigration, etc are secondary. Just check any country with this problem and look at the correlation between an expanding money supply and property prices.