If Vancouver house prices increase by the same amount they have since 1982 the average house price in 2038 will be almost $4 million dollars. Sounds reasonable, but what about interest rates? In the same amount of time interest rates have fallen dramatically. If they keep dropping at that rate they’ll break the zero bound soon and become negative.
Then what happens?
The bank will pay you to hold a mortgage.
The future is bright.
Here’s the link to the video on YouTube if you want to comment there.