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Biden Passes the Buck on Inflation – Ep 815

The Peter Schiff Show Podcast

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What Is Driving Home Prices Higher?

Home prices rose more this year than in any year during the big house bubble that ultimately bust in two thousand and seven. But what is driving home prices higher? It is inflation. Owner's equivalent rent didn't even exist in the 19 seventies and 19 eighties, but it exists now only to make inflation look much lower than it really is. Today's high inflation does not include the home prices that people actually pay.

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