Globalization and financialization concentrated the economy’s gains in corporations, which also gained the “problem” of what to do with all this “excess savings.”

Source: https://www.lewrockwell.com/2023/04/charles-hugh-smith/this-housing-bubble-is-different-its-much-more-precarious/

In the 1990s, the market bought down the rate structure of the belly and long end of the curve with the tech and globalization bonanza, which gave way to central bank financialization of such assets the succeeding two decades.

Source: https://seekingalpha.com/article/4638259-its-not-how-much-duration-you-hold-its-where-you-hold-your-duration?source=feed_all_articles

One major issue London faces is the financialization of housing, said Jordan Smith, a local leader with the ACORN tenants group.

Source: https://lfpress.com/news/local-news/investors-crowding-out-first-time-homebuyers-in-london-expert