3 ms·
Yeah, I don't know how someone can look at housing prices say, 1990-2020 and say there wasn't inflation after the housing crisis. House prices dropped, but not
by intergalplan 5y ago
Yeah, I don't know how someone can look at housing prices say, 1990-2020 and say there wasn't inflation after the housing crisis. House prices dropped, but not as much as they "should" have to eradicate the evident bubble of '00-'08, despite the very public beating housing & banking took. And 2-3 years on they were shooting up again!
- tonyedgecombe 5y agoIs it really inflation if the cost of a house doubles but the cost of servicing a mortgage halves because interest rates are so low?
- intergalplan 5y agoThis reads to me like "is it really inflation if money just got cheaper?" Which... I think the answer is "yes, that's exactly what it is"?
- deleted 5y ago[deleted]
- kqr 5y agoNo, that's just a single overlevered market with, well, the banks laughing all the way to the bank? Because apparently they can get away with it. Individual markets have crazy price increases all the time. It's happened to gold, oil, wheat, and virtually every tradeable thing ever, including housing. That it happens in one place is no reason to cry inflation.