Quote:
Originally Posted by Azure
Is price growth the only metric that can be used to decide whether or not housing is a problem?
Availability?
Housing starts?
Rental availability?
Rental pricing?
Modest by historical standards and yet everyone is up in arms about it. I suppose one can manipulate the data in multiple ways to suggest that the reality on the ground is not actually what people say it is.
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I’d suspect lots of people up in arms about housing costs are existing home owners whose interest rates went up. Using what people are up in arms about as a barometer for what is happening is flawed.
In general people are angry that things cost more