Bank of England finally admits high house prices are determined by finance, not supply and demand
The Bank of England confirms Positive Money analysis of housing affordability In a duo of fascinating blog posts this month, Bank of England researchers John Lewis and Fergus Cumming confirmed what we’ve been arguing for a long time: that houses are assets, the price of which is not determined so much by simple textbook supply … Continue reading Bank of England finally admits high house prices are determined by finance, not supply and demand
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