Same here in Germany. That is a normal process with no gold backed currency in the world. People invest in solid assets like homes which drives prices up. Inflation drives it up even more.
Do also please account for the bubble, created by High influx of Chinese money on the one hand in conjunction with massive low interest liquidity creation, and mass immigration on the other.
This drives real estate prices by two mechanism. Social housing is in large part reserved for immigration ( asylum). this drives families into real estate to build equity.
This again attract institutional investors, exacerbating the problem.
The US is, home values are sky rocketing like crazy
The issue is also single family homes arexin demand. They keep trying to ram the high density housing down every throat but people don't want it.
Same here in Germany. That is a normal process with no gold backed currency in the world. People invest in solid assets like homes which drives prices up. Inflation drives it up even more.
Do also please account for the bubble, created by High influx of Chinese money on the one hand in conjunction with massive low interest liquidity creation, and mass immigration on the other.
This drives real estate prices by two mechanism. Social housing is in large part reserved for immigration ( asylum). this drives families into real estate to build equity.
This again attract institutional investors, exacerbating the problem.