https://www.zerohedge.com/markets/ca...r-bubble-fearsQuote:
I have not been following Zerohedge reporting for a long time as I do not find their information factual and is very subjective how they spin their narrative.
For eg. Zillow has real factual (far more accurate data) of the # of house sales around the US and tracks those selling in say California, and the same people, buying in other states. If you look at the national rise in US house prices (likewise in Canada), they do no compare to NZ's massively high rise in house prices for the same period. Also you need to take population in proportion of house pricing ; in NZ (and correct me if i'm wrong), maybe 80% live in places that experienced insane returns. While in Canada and the US, you are not seeing 80% of the population with home prices that risen 30%. So I would question ZeroHedge's data source and how they are spinning their narrative of inflation and the massive housing bubble.
I opinion? Don't ask these guys. Ask someone like Warren Buffet who has been around far long than these guy reporting were born. I'm not seeing Buffet liquidating Berkshire's share position in fear of a massive bubble in the stock market (or housing market). If I recall correctly, he was saying the Berkshire's investment in housing and construction is very healthy. We had a stock market crash in 3rd week March 2020. The housing policy in US/Canada is in far better position than in NZ. What more to say?