3 ms·
But then the price of housing would drop until it became affordable to buy in that way.
by basisword 5y ago
But then the price of housing would drop until it became affordable to buy in that way.
- ratsforhorses 5y agoI totally agree, here in Romania, prices have skyrocketed since the banks became involved... one might argue they fund new construction but the downside is it's destroying a lot of the authentic inner cities with "ugly" high rises... Also somewhere there is a succinct explanation of how when you want a loan from a bank for a new property, they go to the central bank and get one to finance you, thereby creating money out of thin air, and adding to monetary inflation... but please correct me if I'm wrong
- mschuster91 5y agoIt would not simply because there are always greedy investors, airbnb profiteers and money launderers who will pay any price asked.