>>513909270
The housing crisis is caused by ZIRP.
In Poland, we had the population shrink by 10% between 2010-2019 and the housing supply expanded by 40%. But interest rates were negative in real terms and, as such, the price of housing almost doubled in that period.
Immigration is an aggravating factor, but the Poland example proves that the price of housing rises while the population shrinks and supply of houses expands. It's also indirectly proven by how many houses stand vacant in the midst of a "housing crisis".
Wet streets do not cause rain. Shitskins are the wet streets. Negative interest rates are the rain.
