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> House prices doubled and the consumer price index shows low inflation for the same period. And? In Canada, the CPI has Shelter as 27%, with Owned accommodati
by throw0101a 6y ago
> House prices doubled and the consumer price index shows low inflation for the same period.
And? In Canada, the CPI has Shelter as 27%, with Owned accommodation being 17%:
* https://www150.statcan.gc.ca/n1/pub/71-607-x/2018016/cpi-ipc-eng.htm https://www150.statcan.gc.ca/n1/pub/71-607-x/2018016/cpi-ipc...
What's the component breakdown for the US CPI?
Just because prices for some things are up does not mean prices for all or even most things are. And even though prices are up, mortgage rates are down, which may result in a net-zero change to affordability (i.e., your monthly carrying costs end up being the same).
Heck, some Danish mortgage rates went negative in 2019:
* https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage https://www.theguardian.com/money/2019/aug/13/danish-bank-la...