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<blockquote data-quote="rickyb" data-source="post: 6043322" data-attributes="member: 56035"><p>its probably financialization of the economy and loosening of capital controls around the world. michael hudson says the price of a house is whatever the bank will lend against it. it used to be lower, now they lend more and of course the price goes up. its bad economics.</p><p></p><p>i really dont think it has much to do with immigration or the economy because theres always been immigration and housing prices were much more affordable back then. do you have any idea what your parents jobs were and how much the cost of housing was then?</p><p></p><p>were talking about the end or partial end of the US dollar relating to the plaza accord and any future deal with china.</p></blockquote><p></p>
[QUOTE="rickyb, post: 6043322, member: 56035"] its probably financialization of the economy and loosening of capital controls around the world. michael hudson says the price of a house is whatever the bank will lend against it. it used to be lower, now they lend more and of course the price goes up. its bad economics. i really dont think it has much to do with immigration or the economy because theres always been immigration and housing prices were much more affordable back then. do you have any idea what your parents jobs were and how much the cost of housing was then? were talking about the end or partial end of the US dollar relating to the plaza accord and any future deal with china. [/QUOTE]
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