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It is a feeling to ppl who want to start a family, buy a house. Official Inflation doesn't count for those. What else is the word that we can use here?
by dominotw 6y ago
It is a feeling to ppl who want to start a family, buy a house. Official Inflation doesn't count for those. What else is the word that we can use here?
- lottin 6y agoIn my opinion it's a perceived increase in prices, which may or may not real, and may or may not have to do with inflation.
- dominotw 6y agoNot quite sure what you mean by 'may not real'. Its not possible for most ordinary ppl to even think about buying a house right now. Why isn't this a concern for policy makers.
- lottin 6y agoI mean that the prices need to be measured objectively, because people aren't very good a tracking prices. They may think prices have risen when they have not.
- asdff 6y agoCost of living.
- dominotw 6y agorents are falling though. so not the same.
- asdff 6y agoRents are falling slightly in dense urban areas that were already inflated from a decades long surge (65% in LA, 30% nationally [1]), but are actually increasing in suburban areas [2]. In those areas, the increases are affecting all sectors of the market: "Overall, CoStar data show the largest rent increases have come in higher-end properties, where average rent for a vacant unit in the Inland Empire has grown 9.3% over the last year, compared with the previous four-year average of 3.8%. In older, more rundown properties where lower-income households are likely to live, rent is up 3.4%, compared with the previous four-year average of 4.9%." 1. https://www.latimes.com/business/real-estate/story/2019-12-27/l-a-rent-rose-65-percent-over-the-last-decade-study-shows https://www.latimes.com/business/real-estate/story/2019-12-2... 2. https://www.latimes.com/business/story/2020-11-23/rent-falling-los-angeles-rising-suburbs-inland-empire https://www.latimes.com/business/story/2020-11-23/rent-falli...