Seems like there has been pretty heavy asset inflation across the board for the past ~decade and investors are desperate for returns. I mean it seems to make se

Seems like there has been pretty heavy asset inflation across the board for the past ~decade and investors are desperate for returns. I mean it seems to make sense, the ultra cheap money isn't really available to most people. Most people's marginal rate is probably a credit card at 20+%. Big businesses/very wealthy can access very low rates by 1. pledging collateral and borrowing-> buy assets-> pushes asset prices up-> collateral worth more-> back to step 1. With houses they know the average person(who is a homeowner) will fight tooth and nail to keep prices high. Especially people who have bought recently. The higher prices are the more incentive people have to keep them high as it becomes a greater % of their net worth. Tyranny of the majority. Feels like in Canada we are basically seeing the emergence of some sort of neo-serfdom where the majority of young people(and older renters) who don't have significant family support are spending so much on rent they will never be able to own and year after year rent takes up a greater and greater amount of their salary. It's not at all uncommon to hear about people living in hallways or many people to a room in the GTA/GVA.