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It makes sense from an inflation-fighting standpoint to focus on home prices, which have been inflating faster than consumer prices as a whole.
by lukas099 4y ago
It makes sense from an inflation-fighting standpoint to focus on home prices, which have been inflating faster than consumer prices as a whole.
- ianai 4y agoIt seems inflating housing prices are tied to some of the worst societal outcomes in the modern era, too. i.e. The Great Depression and Great Recession were both real estate devaluation driven. I also wonder about investor owned homes not being as beneficial to localities as householders. Out of area investors don't shop at local stores, pay local taxes to support local governments/projects, etc. That stuff matters. Look at how fast Detroit deteriorated without people living in the neighborhoods to keep things up.