177 sats \ 2 replies \ @shado_op 13 Feb \ parent \ on: How fiat will kill itself econ
Imv house prices have jumped due to QE. The money went into assets, bonds, shares, property, even BTC.
There is no way house prices are falling back to affordable levels for anyone in the South. There are still pockets of affordability elsewhere but they are also declining.
QE and Gov borrowing has stolen our country's future. And it cant be reversed without destroying the economy (as Liz Truss found out!)...
There is so much money sloshing around that the elite are struggling to spend it - take a quick look at the ski slopes of Europe this week.
QE played its part and created the need for an inflation hedge but also the scarcity of supply due to foreign investment and lack of building is significant.