British homeowners have enjoyed a 3 trillion pound ($4 trillion) untaxed wealth windfall from rising property...

values over the last 20 years that is unlikely to be repeated, with the bulk of riches going to the well-off, the over 60s and those living in London.

Resolution Foundation said the surge in house prices since 2000 that has turned many homeowners into millionaires has been “driven primarily by falling interest rates.” 

Bloomberg 9 December 2021

https://www.bloomberg.com/news/articles/2021-12-09/u-k-homeowners-enjoy-a-4-trillion-untaxed-property-windfall

Jag tycker det är skriande uppenbart att räntan världen över är för låg och att en större del av stimulanserna borde ske via finanspolitiken.

Rolf Englund blogg 5 december 2009

https://englundmacro.blogspot.com/2014/08/skriande-uppenbart.html