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It's impossible to control skyrocketing house prices in booming tech areas with anything other than a massive amount of new housing developments. Even if every
by dtech 9y ago
It's impossible to control skyrocketing house prices in booming tech areas with anything other than a massive amount of new housing developments.
Even if everything you can buy suddenly got 10% cheaper, the houses in those areas would immediately increase back to the old level because the prices is driven by a high demand relative to supply.
- maxxxxx 9y agoMakes sense. To me it just seems they act as if inflation was low but in reality they are creating huge asset inflation with the low interest policy.