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stanleybmanly's avatar

Why does a cheap money low interest economy once again favor the rich and penalize the poor and middle class?

Asked by stanleybmanly (23511points) 2 weeks ago

Or does it?

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2 Answers

KNOWITALL's avatar

The current real estate market here definately favors the rich, as new homes are not as plentiful, so there are bidding wars for available homes, which knock out the poor and middle class potential buyers from the purchase.

stanleybmanly's avatar

That’s just one example. Houses are unaffordable because people world wide have nowhere ELSE to plant their money. It is also the reason the stock market is divorced from reality.

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