[Mikeb85]

> In the long-run, real house prices appreciate at the rate of inflation.

Some one should tell this to Canadians. Since the early-mid 2000s, house prices have been rising much quicker than inflation, to the point where people think homes are an 'investment' that will always rise, leading to a massive housing bubble (also propped up by foreign buyers, many of whom are using land to launder money gained through corruption, and Canadian banks/government just look the other way) and also unaffordable housing for young prospective buyers and tenants.

[goalieca]

I'm really concerned. Take a look at Vancouver. http://m.realtor.ca/PropertyDetails.aspx?PropertyId=16209292

The thing to remember about that city is that incomes are pretty low (unlike sv)

[branchless]

And Brits. This is a bubble due to corrupt governments and corrupt private banking.

CAD is cratering now and Poloz can't raise rates without tanking land prices, then all that BS about Canadian banks being well run goes out the window. Everywhere has well run banks when prices keep rising.

[collyw]

Any coincidence that we have Canadian, Mark Carney as head of the Bank of England?