“We’re in this low interest environment that has been going on for a long time, and so there is good reason for these high prices [for property],” said Isabel Schnabel, a member of the council, said in Berlin on Wednesday. “But when the interest rates rise again these prices could go very quickly in the opposite direction.”
Economist & Investor | US NIIP at -$27.61 trillion (89% of GDP) | € at 2.5-3 $ by 2035 | US Assets < US Liabilities | US Net Worth < 0
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