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You're linking to US data in a discussion about Canadian housing prices, which look nothing like that. We never had the 2008 correction, and things have gotten

You're linking to US data in a discussion about Canadian housing prices, which look nothing like that. We never had the 2008 correction, and things have gotten absolutely insane here. Here is a chart for Canada: https://nitter.net/pic/orig/media%2FE0PIr9kXoAQvbeR.jpg https://nitter.net/pic/orig/media%2FE0PIr9kXoAQvbeR.jpg unfortunately only goes up to 2020. Things got even crazier in 2021/2022 (though have leveled off this fall, but just a bit) Now tell me again how disconnected my thinking is. In Canada it actually is a disaster. We have people unable to make their rent (because naturally landlords are passing on inflated housing prices to tenants).

ajross 3y ago
Yikes. That graph is straight up lying to you. "Disposable income" is a delta measurement. By definition, it will show wild relative swings when the two values being subtracted are close to each other. You absolutely can't put it on the same chart with a value measured in absolute units, and whoever tried that shit was trying to sell you something. Where did you get that? Please (please) stop trusting whoever gave it to you. I don't know if Canada has an equivalent to FRED and I'm too lazy to do your research for you, but I'm 100% convinced that if you find a measurement in the right units (c.f. "median household income" that I used -- be sure that if you find a graph that is inflation-corrected ("real median household income" in FRED-speak) that you use corrected values for both your data points!) you will find that Canada and the US look broadly the same throughout the past century or so. I mean, come on. You guys are literally right there, we read the same media. You really think that if things were that different we wouldn't notice? You don't think americans whine about housing prices too?
- cmrdporcupine 3y ago
  I'm willing to admit the graph I linked to is entirely dubious. It still remains the case that housing prices in Canada did not go through the downward correction that US housing prices did in 2008. That and our immigration rates are very high, so pressure from population growth has also been high. I gotta get back to work, so can't go hunting for raw data right now. I think you'll find though that US and Canadian data don't co-relate in the way you're assuming they should.

ajross 3y ago

Yikes. That graph is straight up lying to you. "Disposable income" is a delta measurement. By definition, it will show wild relative swings when the two values being subtracted are close to each other. You absolutely can't put it on the same chart with a value measured in absolute units, and whoever tried that shit was trying to sell you something. Where did you get that? Please (please) stop trusting whoever gave it to you. I don't know if Canada has an equivalent to FRED and I'm too lazy to do your research for you, but I'm 100% convinced that if you find a measurement in the right units (c.f. "median household income" that I used -- be sure that if you find a graph that is inflation-corrected ("real median household income" in FRED-speak) that you use corrected values for both your data points!) you will find that Canada and the US look broadly the same throughout the past century or so. I mean, come on. You guys are literally right there, we read the same media. You really think that if things were that different we wouldn't notice? You don't think americans whine about housing prices too?

cmrdporcupine 3y ago
I'm willing to admit the graph I linked to is entirely dubious. It still remains the case that housing prices in Canada did not go through the downward correction that US housing prices did in 2008. That and our immigration rates are very high, so pressure from population growth has also been high. I gotta get back to work, so can't go hunting for raw data right now. I think you'll find though that US and Canadian data don't co-relate in the way you're assuming they should.