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Out of context: Reply #72409

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    Real Estate prices in America are insane, right? Everyone has lost their mind, right? We're going to hit another crash, right?

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    • Canada, UK, most of Europe and other places too. So yeah, another one...
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    • OR the M1 money supply went from $4.2T to $18.4T in one year, and house prices are one of the areas that inflation is showing up.monNom
    • Yeah it does feel like that. Everyone's like "there's no inflation" but housing prices are thru the fuckin' roof
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    • And fuel, and building supplies. Some food. Some electronics. Used cars. Dogs. Trailers and RVs. There's some inflation.monNom
    • Low interest rates play a role in that too. In Canada up until just recently you could get a 5yr mortgage for 1.5%, 10yr for 2%. That's a big lever on prices.monNom
    • damn, that Michael Burry guy is 2 for 2!
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    • when money is devalued you put it into crypto or assets, such as property. this is feeling a bull run in both sectorsshapesalad
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