Quote:
Originally Posted by Changing City
The bank rate dropped from over 7% to under 4%, and mortgage rates dropped to match (and stayed low, even through the 2008/2009 financial crisis). Since 1980, when rates had been nearly 20%, money has been increasingly cheap to borrow.
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You mean the same low interest rates that were in effect everywhere n the western world? Yet only a few world cities had such large run-ups: Vancouver, Sydney, Melbourne....
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