68. Economist Dr Cameron Murray - Scrapping Super, Affordable Housing, Inflation and Political Corruption
Aussie Firebug
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Is Money Losing Its Value?
I want to know your thoughts on whether house prices went up in value. Did money just lose its purchasing power because of how much stimulus was created during COVID? Yeah, I would say it's not money losing its value. Yes, we've got inflation, so you can take that into account. But 45% property price increases when incomes are basically flat and inflation was 5 or 6% is real reprising of the asset. We actually had record first home buying in 2020 and 2021.
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