1.0Michel Santihttps://michelsanti.fr/enMichel Santihttps://michelsanti.fr/en/author/msanti17When real estate threatens growth - Michel Santirich600338<blockquote class="wp-embedded-content" data-secret="nlHSo0iPK3"><a href="https://michelsanti.fr/en/real-estate/when-real-estate-threatens-growth">When real estate threatens growth</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://michelsanti.fr/en/real-estate/when-real-estate-threatens-growth/embed#?secret=nlHSo0iPK3" width="600" height="338" title="“When real estate threatens growth” — Michel Santi" data-secret="nlHSo0iPK3" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://i0.wp.com/michelsanti.fr/wp-content/uploads/2018/10/subprime-mortgages.jpg?fit=500%2C350&ssl=1500350It’s not a coincidence if real estate prices – relatively stable up until now – suffered unhealthy volatility at the dawn of the 1990s. This phenomenon was the direct consequence of integrating the banking and financial systems together because deregulation and innovations such as securitisation intensified the flow of cross-border and transcontinental capital, thus inducing…