Yes, that’s the blue section. The Red section it turns out is the housing sector, that DGAF because they’re heavily coordinating prices and there’s no cheaper alternative.
Now do Metro Area Rent. And do it over the last 4 years. Housing is screwed because of the high interest rate loans locking homeowners in place and dropping the available stock. Landlords however just declared open season on their renter’s wallets.
I didn’t get why you’re so resistant to this? We know where the bottleneck is before our economy hits stagflation. We can fix this. And then we’ll all celebrate being able to afford celebration again.
Yes, that’s the blue section. The Red section it turns out is the housing sector, that DGAF because they’re heavily coordinating prices and there’s no cheaper alternative.
Yes, which is dominated by NIMBY policies and housing prices increases in places like SF where building is almost non-existent
Places like Texas only had increases of 0.6%
Now do Metro Area Rent. And do it over the last 4 years. Housing is screwed because of the high interest rate loans locking homeowners in place and dropping the available stock. Landlords however just declared open season on their renter’s wallets.
https://www.wsj.com/economy/housing/once-americas-hottest-housing-market-austin-is-running-in-reverse-94226027?mod=e2tw
Landlords only follow the market rates, so housing can easily decrease in price when you actually build
Here’s some numbers from a local paper that’s not paywalled.
Here’s the very enlightening graph.
And finally, here’s what landlords think about “just following the market”
I didn’t get why you’re so resistant to this? We know where the bottleneck is before our economy hits stagflation. We can fix this. And then we’ll all celebrate being able to afford celebration again.