I keep hearing QEs drive up the property prices. Can someone enlighten me how does it actually work? How does printing money or buying up debts/ bonds translate into the rise in prices?
I know printing money devalues the currency and thus people are flocking to real properties which deem to be a safe or safer haven. How is that determined to be safer?
Is it also because governments pump in money and enabling banks to give out more loans, thus easier for consumers to secure mortgages, and drive up the prices?
Is there anymore to that? Can someone explain in some details of the chain reaction (in simple terms please)? Thanks