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I understand how interest rates increase the price of house. It's a fairly straightforward calculation. But what is your theory for the mechanism by which lowe
by JamesBarney 5y ago
I understand how interest rates increase the price of house. It's a fairly straightforward calculation.
But what is your theory for the mechanism by which lower interest rates causes an increase in the price of rent?
- HarryHirsch 5y agoThat's households that are priced out of a mortgage, so they have no alternative but to rent. In emergencies you can go to a food bank, but you absolutely need a roof over the head.