2 ms·
Property owners have no control over prices. It's all dictated by supply/demand. Yes, government printing money inflates overall prices. More recently, this ha
by rmbyrro 3y ago
Property owners have no control over prices. It's all dictated by supply/demand.
Yes, government printing money inflates overall prices. More recently, this happened because governments needed to pay for covid. During inflationary cycles, money flocks to assets like real estate. Simply because they are good protection against inflation.
Property owners don't become richer because of that, since everything else became expensive as well.
There are economic systems where price-setting is controlled and/or centralized. To my knowledge, all of them failed in producing better outcomes than a free market for anyone in society.