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IF you want to measure affordability, why not actually measure rent, or rent/sf or something directly? Why would you measure the number of pictures of rent sig
by projectramo 9y ago
IF you want to measure affordability, why not actually measure rent, or rent/sf or something directly?
Why would you measure the number of pictures of rent signs and then assume this means that prices will fall or not?
I would understand if counting pictures of signs were harder than collecting rent data, but it seems to be the opposite.
- vertex-four 9y agoIt's potentially useful for forecasting rent drops - if there were no "for rent" signs last year and there are this year, but rent hasn't dropped in the meantime, it may signal a market correction.