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No - we are seeing an increase in credit but not wages. Asset prices are running ahead of wealth creation so the young must pledge to work for longer for the sa
by branchless 11y ago
No - we are seeing an increase in credit but not wages. Asset prices are running ahead of wealth creation so the young must pledge to work for longer for the same pile of bricks (and land).
Yes there is foreign money but still most buying is domestic. Foreign money is a convenient bogey man. It's the same in Canada and the stats do not bear it out.
- mistermann 11y ago> Foreign money is a convenient bogey man. It's the same in Canada and the stats do not bear it out. Actually, no one knows, because stats are (deliberately imo) not kept.
- branchless 11y agoWell here is some info on Canada: http://www.greaterfool.ca/2015/05/14/the-tipping-point-2/ http://www.greaterfool.ca/2015/05/14/the-tipping-point-2/ Vancouver not even in the top 10 yet we are told endlessly HAM is the cause.