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But interest rates affect other things than the mortgage market.

Yes. The problem is not the ECB rate, it's the bank mortgage rate.

by kjr63 on Tue Sep 13th, 2011 at 07:04:04 AM EST
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..or to be more precise, the problem is privatised land, that allows the financialisation of land values.
by kjr63 on Tue Sep 13th, 2011 at 07:06:48 AM EST
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