3 ms·

Shelter is 27% of Statcan's CPI, with Owned accommodation being 17%: * https://www150.statcan.gc.ca/n1/pub/71-607-x/2018016/cpi-ipc-eng.htm https://www150.stat

Shelter is 27% of Statcan's CPI, 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... However what you're talking about is asset prices, which has nothing to do with inflation. There's a term for rising asset pricing: * https://en.wikipedia.org/wiki/Economic_bubble https://en.wikipedia.org/wiki/Economic_bubble Going to US numbers, inflation-adjusted monthly mortgage payments are the lowest they've been in quite a while: * https://awealthofcommonsense.com/2021/03/what-if-housing-prices-arent-as-high-as-they-appear/ https://awealthofcommonsense.com/2021/03/what-if-housing-pri... Purchase price would effect downtime amounts though.

owenversteeg 6y ago
Right, I agree with you entirely - higher home prices over a decade are not an indicator of "record inflation". I was just making that point in a somewhat different way to someone who does not understand the math behind inflation.
bingbong70 6y ago
>However what you're talking about is asset prices, which has nothing to do with inflation. There's a term for rising asset pricing: asset bubble. I would agree with your view if the bubble was isolated but when most/all scarce assets bubble simultaneously, it is the first sign that your explanation is inadequate..