Bought my first house

[Smitty-48]

not that the market in Toronto isn't hot

a semi detached just went on sale for $1.5 million, sold the next day for $2.1 million

you can't go wrong buying property in America

because on the global aggregate, property in America is actually undervalued

Ohhhhhhh I dunno about all that.
We got tens of thousands of people living anywhere they want in Seattle for absolutely free.
Sure - legitimately buying a house is expensive.
But if you have a tent you can pretty much live anywhere you want here.

yes, technological deflation is destroying industrial work

at the same time that is capping inflation and thus interest rates, so you can have your cake & eat it too

[DBTrek]

I'm not convinced inflation is capped at all.
I think publicly available inflation numbers are capped.
But I don't think you can increase your national money supply by 20% in a single year while your productivity is crippled by COVID lockdowns and walk away unscathed.

Guess we'll see.

[Smitty-48]

I'm not convinced inflation is capped at all.
I think publicly available inflation numbers are capped.
But I don't think you can increase your national money supply by 20% in a single year while your productivity is crippled by COVID lockdowns and walk away unscathed.

Guess we'll see.

since you have a mortgage, inflation is actually your friend

there will be a demand side boom on the other side of the pandemic, with some inflation

ultimately tho, automation is driving wages & prices down, technology is deflationary

not to mention mass immigration which further suppresses it

bad if you are an industrial worker

but if you work in the information economy holding a mortgage, you will make out like a bandit in the end

[DBTrek]

since you have a mortgage, inflation is actually your friend

there will be a demand side boom on the other side of the pandemic, with some inflation

ultimately tho, automation is driving wages & prices down, technology is deflationary

not to mention mass immigration which further suppresses it

bad if you are an industrial worker

but if you work in the information economy holding a mortgage, you will make out like a bandit in the end

Inflation is nice for mortgage payments.
Sucks for buying food, gas, and clothes tho.

Maybe if the dollar crashes I can mail you some of my debased currency for those gold and silver Maple Leaves you all mint up there.

[Xenophon]

I'm not convinced inflation is capped at all.
I think publicly available inflation numbers are capped.
But I don't think you can increase your national money supply by 20% in a single year while your productivity is crippled by COVID lockdowns and walk away unscathed.

Guess we'll see.

since you have a mortgage, inflation is actually your friend

there will be a demand side boom on the other side of the pandemic, with some inflation

ultimately tho, automation is driving wages & prices down, technology is deflationary

not to mention mass immigration which further suppresses it

bad if you are an industrial worker

but if you work in the information economy holding a mortgage, you will make out like a bandit in the end

[Smitty-48]

since you have a mortgage, inflation is actually your friend

there will be a demand side boom on the other side of the pandemic, with some inflation

ultimately tho, automation is driving wages & prices down, technology is deflationary

not to mention mass immigration which further suppresses it

bad if you are an industrial worker

but if you work in the information economy holding a mortgage, you will make out like a bandit in the end

Inflation is nice for mortgage payments.
Sucks for buying food, gas, and clothes tho.

Maybe if the dollar crashes I can mail you some of my debased currency for those gold and silver Maple Leaves you all mint up there.

when I was growing up, the mortgage rates were 18-22%

we are living through the greatest debt holiday of all time, thanks to the Great Deflation

kick back & enjoy it, bro

[Smitty-48]

the real class divide is between those who found a good woman, married her, and bought property together

and sad single Millennials who blazed their own path to a van down by the river

K shaped economy

[Martin Hash]

the real class divide is between those who found a good woman, married her, and bought property together

and sad single Millennials who blazed their own path to a van down by the river

K shaped economy

Damn, you're good.

[C-Mag]

the real class divide is between those who found a good woman, married her, and bought property together

and sad single Millennials who blazed their own path to a van down by the river

K shaped economy

Damn, you're good.

Here, here

[Smitty-48]

in terms of money printing, it's all relative

America is not printing as much as everybody else

for example Canada has taken on an additional $400 billion in debt

that's the equivalent of America printing $4 trillion

as usual, America doesn't have to be perfect, she just has to be better than everybody else

not that I wouldn't hand out cash in America right now, but whatever, the Woke voted against it

the Great Awokening is self flagellating of course, Hyper Protestant Puritanism run amok under the guise of secularism