Re:Making sense of what’s going on in the housing market
by kart23 on Wednesday April 21, 2021 @11:38AM
(#26891075)
don’t think so. look at canada’s housing market, look at NZ. those markets are truly insane compared to the US, and they’re not printing a ton of money or experiencing major inflation. housing has become a good investment simply because the supply isn’t great enough in desirable areas, and people with money recognize it. inflation is up, but not on the scale you claim.
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Re:Making sense of what’s going on in the housing market
by wcarss on Wednesday April 21, 2021 @11:56AM
(#26891323)
I dunno about NZ, but Canada printed pretty hard for COVID relief[0,1].
Regarding inflation, anecdotally food etc prices in Toronto seem much higher this year than last, and did last year too, but the CPI data doesn't share my opinion.
0 - https://betterdwelling.com/canadas-money-supply-is-growing-a...
1 - https://economics.bmo.com/en/publications/detail/76f0b0ca-c0...
Re:Making sense of what’s going on in the housing market
by intergalplan on Wednesday April 21, 2021 @12:21PM
(#26891702)
Our groceries seem to be at least 2x what they were in '05. Meanwhile, if anything, our tastes have gotten cheaper and we're better at bargain-shopping.
US CPI tells me they should only be 35% higher. LOL. Bullshit.
Re:Making sense of what’s going on in the housing market
by anthony_barker on Wednesday April 21, 2021 @02:11PM
(#26893361)
Maybe Toronto will reach peak crane?
https://i1.wp.com/www.denverpost.com/wp-content/uploads/2021...
Re:Making sense of what’s going on in the housing market
by jdsully on Wednesday April 21, 2021 @11:48AM
(#26891214)
Canada's M1 is up 27%, M2 up 20% over the last 12 months. They aren't printing nearly as much as the US but it's still dramatic vs prior years.
Re:Making sense of what’s going on in the housing market
by intergalplan on Wednesday April 21, 2021 @11:40AM
(#26891101)
Right, but, all other assets seem to be doing exactly the same thing.