4 ms·
Yeah, last year’s rent was up 10%. Now do the past decade. Home prices in my middle of nowhere Nebraska town are up 50% over the past decade. Rents too. I don
by MisterMower 4y ago
Yeah, last year’s rent was up 10%. Now do the past decade.
Home prices in my middle of nowhere Nebraska town are up 50% over the past decade. Rents too.
I don’t trust statistics saying “we’re not debasing the currency” from the very people who are currently debasing the currency.
- whimsicalism 4y agoAre we in a housing crisis? Yes, of course. But the problem is not Californians or crypto bros. Did not realize these claims were over the last decade... rents are up 37% on average, which is 15% more than we would expect with a standard 2% inflation. And of course we return to the old HN bogeyman of shadow inflation. there are a number of independent academic researchers who track prices showing changes roughly in line with FRED cpi, but I'm sure those researchers are also part of the conspiracy.