Top all-time · #19647
Mike Moffatt
Personal blog · mikepmoffatt.medium.comeconomicsdata
Mike Moffatt's personal blog at mikepmoffatt.medium.com covers economics and data. Since 2021, 4 different Hacker News readers have linked it 6 times. The last post was in 2022, but the archive is still widely read.
Too few sampled comments (6) to say how often HN recommends it.?
Why HN links it
HN commenters link Mike Moffatt's Medium posts as sources in threads on Canadian housing prices, immigration and inflation, citing his data to back their own points. The comments do not judge the writing itself.
Summarised by Claude from a sample of 6 HN comments that link here. Each comment is marked recommending, critical or neutral (citing without judging); how this works.
Most-linked posts?
- /ontarians-on-the-move-2021-edition-73709568d58b2 people · 2 mentions · first linked 2021-07-30
What Hacker News says?
> Inflation is a generational issue Inflation has been present in every country on the planet. It's not much different in Canada than elsewhere. There's a bit of a debate going on about how much carbon pricing ("tax") has effected food prices, with some claiming it has been a lot, but Canadian prices are about at the same (higher) level as the US and other places: * https://twitter.com/andrew_leach/status/1875227680…
Comment linking /ontarians-on-the-move-2021-edition-the-short-version-4c824722b7ca
on “Justin Trudeau promises to resign as PM”The reason why Toronto (and SW Ontario) has seen an increase of housing prices, especially since 2015, is immigration: > The estimated number of families in the province grew considerably. Between 2010 and 2015, Ontario’s estimated number of families grew by less than 23,000 per year. In 2017, the province added over 50,000 families; in 2018 it added almost 70,000 in a single year. > Despite this population growth,…
Comment linking /ontarians-on-the-move-2021-edition-73709568d58b
on “California plans to turn the screws on NIMBY cities”Yeah, there is a pretty well circulated blog post [1] explaining this population growth. Ontario just wasn’t ready to see this many people show up. If anybody doesn’t make SV money and wants a good tip: Consider an early inheritance of your parent’s home if you can build them an addition. That’s what we are doing. Took out a small mortgage to buy out my sister and we are now raising a family with grandma nice and cl…
Comment linking /ontarians-on-the-move-2021-edition-73709568d58b
on “Billions in 'unknown' funds flowing into Canada's housing market [video]”> The fact is that inflation has eroded away the value of $$ and houses that should cost $50,000 now cost $700k. There's a particular problem with that hypothesis: > Over the past 5 years, single-family home prices are up 150% in London-St. Thomas [Ontario], but down in Regina. They've barely budged in Edmonton. Monetary policy provides no explanation for that phenomenon. * https://twitter.com/MikePMoffatt/status/14…
Comment linking /ontarians-on-the-move-2021-edition-e91f0cec927f
on “Justin Trudeau Vows Two-Year Ban on Foreign Home Buyers in Canada Election”> But this was my point. Because the health/survival of the Canadian economies requires that rate of immigration, that's what we do. But its on the provinces, not the feds, to manage housing & municipal issues. But the provinces do not know ahead of time what needs to happen. The feds simply announce a number for the next year or so and then everyone else has to scramble. If the feds say that X people are coming, bu…
Comment linking /ontarians-on-the-move-2022-edition-d16fbb41a09f
on “Productivity has grown faster in Western Europe than in America”> So. The narrative here in Canada has shifted to blaming immigration for housing woes. While there might be something to it, it smells suspiciously like shifting the blame away from monetary/fiscal/legislative policy. There are multiple things that need to look at, but we've had similar policies for decades on most other fronts, but the inflection point in prices started around 2015 which is coïncidentally when imm…
Comment linking /
on “Productivity has grown faster in Western Europe than in America”
