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Demand for housing in Europe is also huge as people move towards cities and supply hasn't caught up and struggles to catch up due to regulation and NIMBYism. Th
by DasIch 5y ago
Demand for housing in Europe is also huge as people move towards cities and supply hasn't caught up and struggles to catch up due to regulation and NIMBYism. This naturally leads to an increase in prices. The price changes of everyday items right now can be explained with effects from the pandemic.
Perhaps you are right and there is indeed a tipping point and we've crossed that point. Time will tell however people have also claimed we'd reach that tipping point any moment for the last 10 years or so, claiming Friedman was right because of the effects we now has strong broken clock vibes. Perhaps that's genuinely the case but it's still way too early to make that call.
- deepnotderp 5y agoExcept CSI across the board has increased incredibly fast compared to historical trends since 2000 ish, not just in cities. EDIT: I meant CSI, Case-Schiller Index, for house prices, a tragic typo XD
- DasIch 5y agoThe BLS has a page that shows the CPI over the last 20 years[1]. Looks perfectly fine over that timeframe. Some ups and downs as one would expect but generally on target. [1]: https://www.bls.gov/charts/consumer-price-index/consumer-price-index-by-category-line-chart.htm https://www.bls.gov/charts/consumer-price-index/consumer-pri...
- deepnotderp 5y agoI meant CSI haha, that was a bad typo
- Supermancho 5y agoUntil you look at commodities, minus energy and food. These also happen to be within 1% of all time highs.