3 ms·
The US Cities with the Biggest Housing Bubbles
- chmaynard 9y agoExecutive summary: In these cities, there has been moderate consumer price inflation but extraordinary asset price inflation. People who make money with assets (capital) came out ahead. People who make money with their labor got whacked. Not only did they not see the income gains that capital enjoyed, but they saw the fruits of their labor shrink when it comes to asset purchases such as a home. Every year, they can buy less and less in assets for the money they earn with their labor.