4 ms·
a more accurate measure of housing costs is not "home prices" but "rent prices", and rents have gone up compared with inflation, causing housing to be absolutel
by tmh79 7y ago
a more accurate measure of housing costs is not "home prices" but "rent prices", and rents have gone up compared with inflation, causing housing to be absolutely more expensive. The generational warfare double whammy here is that the boomers are scooping up an insane unearned amount of value in both real estate appreciation and imputed rents.