Good episode. Am glad you’re becoming less bearish, things are honestly great out there - employment is strong, inflation and rents are falling and the S&P 500 continues to hit all new highs! Lots of wealth being created at the moment despite all the doom. Houses prices will come back at some point too, at least in nominal terms
Thanks so much for watching and commenting! We presented the data and its up to the viewer to make their own ( +/-) calculations which may be more subjective then one thinks... for example, how do you calculate the benefit of mortgage pay down over a four year period v paying rent and paying down some else's mortgage? This would be dependent upon whether you are an investor or living in your principal residence... Many others such as myself question the basket and weight of how CPI is calculated in Canada, for example, is weighing housing costs 30% of the inflation basket in this an environment a realistic or fair assumption? I would argue that it isn't, and most likely we are now on the cusp of actual deflation... I hope you get the drift of my point... Thanks again for watching and tuning in and we appreciate your feedback. Perhaps this could be a great topic for an upcoming discussion!
@@Ralph_Fox you provided the disclaimer at the start. Just a suggestion. A counterpoint to my suggestion is that your equity gains are leveraged so you can still escape inflation with only nominal gains. Hence why Covid was such a great wealth transfer to leveraged asset holders.
@@tutorknights Theres that too! Thank you. Its such a transitional time right now, its a constant challenge trying to put everything together in a comprehensive balanced narrative. Both of your points are well taken. Cheers!
