Ponty
pfm Member
I had a T-shirt saying ‘I don’t give a f*ck how much your house is worth’ in the 80’s when house price inflation had already become absurd. ZIR didn’t happen until three decades later. The fact that house price inflation has become more absurd is a product of speculation on that absurdity by those in a financial position to take advantage of it, it is not a product of ZIR itself.
Why are you so keen on ZIRP and printy printy? It makes the rich richer and the poor poorer.