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How the Fed Works, Currency Crises, and TikTok ban [Listener Mailbag]
"Econ 102" with Noah Smith and Erik Torenberg
Factors contributing to housing price increase in Canada compared to the US
The increase in housing prices in Canada compared to the US could be attributed to factors like higher rates of immigration and Chinese capital flight. Chinese investors perceive China's government and economy as unstable, prompting them to invest in overseas real estate markets like Canada. Furthermore, both China and America share a similar obsession with real estate, indicating a cultural similarity that is often overlooked.
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