Due to the previous government increasing the money supply over 30% during COVID from 2021 until...

本站添加: 2026-05-16

[00:00:00]Here in Auckland, since the peak of 2021, our home prices are down 20%. But that's in nominal terms, Paul.

[00:00:08]What you've got to consider is inflation. So, due to eating away. Yeah, well, due to the previous government increasing the money supply over 30% during COVID, from 2021 until today, you've lost 20% of your purchasing power.

[00:00:22]So, if you had a home with a million dollars at the peak of the market in 2021, for that home just to hold itself and keep its head above water, today it needs to be worth 1.2 million. Ouch.

[00:00:36]>> [laughter] >> Because we've actually 1 million in 2021 is is what 1.2 million today.

[00:00:42]So, if that house has dropped to a value of 800,000, you're not down just 20%, you're down over 33%.

[00:00:51]>> That's huge. Yeah, I think a lot of people don't realize. They ignore the silent eroding power of inflation, and it's a silent and deadly thief.

[00:01:02]>> [music]