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I would guess the severe restrictions on building new homes which leads to a dramatic undersupply of new housing stock. Which in turn pushes up the price of ex

I would guess the severe restrictions on building new homes which leads to a dramatic undersupply of new housing stock. Which in turn pushes up the price of existing stock and feeds an asset bubble.

ZenoArrow 11y ago
That's part of the issue, the but another part is bankers seeing property mortgages as safe ways to invest money, which has led to higher lending over time.