Big business have got drunk on low interest rates and corp. debt so cheap, making it very good for big business but negative for the majority of the worlds population.
So they like to see interest rates to remain very low, and have leverage with governments saying their business it at serious risk if interest rates were to return to 'more sensible levels'. Which is kinda true!
Also:
People with sufficient savings or disposable income have choose one of the few obvious/easy investment options and buy into property, either upgrading or buying more properties.
The wealthy who have access to good financial tools have also invested into property, both commercial and residential. Hence so many empty properties in London, that people complain about.
Driving up the price, so further squeezing the population who are not able to follow.
Hence the rise of Trump and others, promising to make America great again, cuz so many voters are being squeezed.
Low interest rates is like a drug addiction, but the addicts (big business) are not the ones suffering.
Hence the rise of popularism and the likes of Trump into powerful positions, but he is sitting on the side for businesses and not the person. He incorrectly believes recovery can only be found with big business, but I believe this just perpetuates the addiction.
Interest rates need to rise (ouch!) and companies must be forced to pay the taxes they owe. Also giving individuals with big investments (risks) into property to exit gracefully without the property market crashing, which hurts everyone.
Big business have got drunk on low interest rates and corp. debt so cheap, making it very good for big business but negative for the majority of the worlds population.
So they like to see interest rates to remain very low, and have leverage with governments saying their business it at serious risk if interest rates were to return to 'more sensible levels'. Which is kinda true!
Also:
People with sufficient savings or disposable income have choose one of the few obvious/easy investment options and buy into property, either upgrading or buying more properties.
The wealthy who have access to good financial tools have also invested into property, both commercial and residential. Hence so many empty properties in London, that people complain about.
Driving up the price, so further squeezing the population who are not able to follow.
Hence the rise of Trump and others, promising to make America great again, cuz so many voters are being squeezed.
Low interest rates is like a drug addiction, but the addicts (big business) are not the ones suffering.
Hence the rise of popularism and the likes of Trump into powerful positions, but he is sitting on the side for businesses and not the person. He incorrectly believes recovery can only be found with big business, but I believe this just perpetuates the addiction.
Interest rates need to rise (ouch!) and companies must be forced to pay the taxes they owe. Also giving individuals with big investments (risks) into property to exit gracefully without the property market crashing, which hurts everyone.