Maybe over a decade of near-zero interest rates could have something to do with it? The cheaper it is to borrow money, the more people borrow, unsurprisingly.

Maybe over a decade of near-zero interest rates could have something to do with it? The cheaper it is to borrow money, the more people borrow, unsurprisingly. This is what’s been driving the massive rises in property prices the last many years. It’s straight out of “Economic Bubble Creation 101”.