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What’s the suggested connection between lockdowns and soaring housing costs?
At least in Germany raising housing costs have been on steroids since at least 2015 or so. It’s insane now, but I can see quite different reasons for that than those lockdowns or excessive mask purchases.
The argument I have heard being lockdowns (moreso the duration of them) put extensive pressure on small business to shut down but allowed the large corporations to remain open, creating an effective monopoly. This created a situation where governments had also had to assist with those shortfalls so folks can survive. To do that, they increased the monetary supply which in turn devalues the currency. This causes the inflation which makes things more expensive. The government then gives out more money...and the cycle repeats.
Now, I'm not an economist but it sounds pretty logical to me. I know it came down to saving lives and I'm in support of doing that. But could we have done things in a way that didn't put an entire generation 10 years behind? That's a conversation worth having if you ask me.