4 ms·
No rents typically lag house prices significantly. Prices are set by credit. Rents by wages. You have to pay your rent from your wage. Prices are via fiat creat
by branchless 11y ago
No rents typically lag house prices significantly. Prices are set by credit. Rents by wages. You have to pay your rent from your wage. Prices are via fiat created ex nihilo by private banks.
Rents do go up when wages go up (SF) and when there is speculation they rise but it's capped by wages.