This is the easiest myth to debunk; affordability, as a percentage of disposible income, is already non-existent. "higher and higher payments" on...
Oh. So you and the neighbours will conspire to restrain trade in homes? Will you break the kneecaps of anyone who needs to move away and must...
Building costs have dropped in half. Property is nowhere near cheap in the USA yet. Let me know when unlevered property net rent yields are...
Long-term interest rates. The financing used to purchase long-term assets. Also, spreads are widening and will continue to widen as mortgage...
You'd think lumber prices would rise, and eventually they will, but actually they are down considerably....
But the houses are far from cheap, and interest rates are on their way up. With official inflation now at ~4%, and inflation in almost every...
Interest rates in the UK are not particularly high. Not by historic standards. If you follow the argument, the price of a house would come...
If you lived in Texas in the mid-late 1980s, or in many parts of Canada that had high prices during the resource booms of the 1970s and early...
It will go down even worse than the 'theory' would predict in an environment of high interest rates because high interest rates would put a lot of...
Air Canada has 'flight passes', whereby, you pay between $560 and $800 per month, and you can travel, on an unlimited basis, anywhere they fly in...
The seats are full, but full of passengers who aren't even covering the costs. I took 23 flights in the month of January including many...
The product from the oilsands is ultimately a liquid, after a whole pile of processing.
Building costs are plumetting like a rock. Lumber prices have dropped by more than half since 2004, despite rampant USD$ inflation and...
But there will be all these vacant houses, which will eventually revert to rentals, so that's not supportive of the rental market either. Too...
BTW, the most effective way for a business to hedge against this behaviour is through debt. Of course, most American businesses have been...
Exactly! If you bought gold in 2000 at $250/ounce, and you sold in 2008 at $1000/ounce, the tax code presumes that you actually gained something...
Okay, here's one: with such low rates of interest, there is no need to expand the money supply to pay interest. Or to pay interest on interest...
Wasn't there a story recently whereby the dog and cat shelters are seeing many more dogs and cats abandoned (or left behind) when homes are...
Interest rates dropping? Now who's smoking the crack....
Makes sense. I suspect the entire mortgage brokering industry will dissappear (they will go the way of travel agents who were obsoleted because...
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