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avatar of @chekohler
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@chekohler
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I find that more of a post rationalisation, yes some people are upgrading their homes, yes some people are moving out of cities, yes some people are refinancing, but those to me are at the margins and don't warrant a 17% increase in price in a year. there is no population or migration boom, as far as I can see since many countries are on lock down and as you mention travel is restricted.

In theory, housing prices should be coming down as debt is defaulted on which is typical of a recession and supply comes on to the market.

That's why I'm conflicted like is it just money printing keeping the debts rolling over and artificially holding back supply from entering the market or are we just measuring in something that's so fucked up we cant tell up from down anymore

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