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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 exper
by kart23 6y ago
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.
- intergalplan 6y agoRight, but, all other assets seem to be doing exactly the same thing.
- jdsully 6y agoCanada'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.
- wcarss 6y agoI 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-at-the-fastest-rate-in-over-30-years/ https://betterdwelling.com/canadas-money-supply-is-growing-a... 1 - https://economics.bmo.com/en/publications/detail/76f0b0ca-c05e-4e32-9d70-93630654f659/ https://economics.bmo.com/en/publications/detail/76f0b0ca-c0...
- intergalplan 6y agoOur 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.
- anthony_barker 6y agoMaybe Toronto will reach peak crane? https://i1.wp.com/www.denverpost.com/wp-content/uploads/2021/04/RLB-north-american-crane-index.png?fit=620%2C9999px&ssl=1 https://i1.wp.com/www.denverpost.com/wp-content/uploads/2021...