3 ms·
>Internal migration is too slow and too small to explain the interior’s price shocks. As anyone who paid any attention to the housing market in the past 2yr kn
by throwaway0a5e 4y ago
>Internal migration is too slow and too small to explain the interior’s price shocks.
As anyone who paid any attention to the housing market in the past 2yr knows, if you have 10 houses and 11 buyers...
>the interior saw the worst of the real economic shock
That places that have economies that are more dependent on physical goods, services that cannot be performed remotely and high volume low margin types of business (which are heavily affected by supply chain stuff and commodity prices) should not surprise anyone.
- JumpCrisscross 4y agoHow does any of this relate to testing the hypothesis of FAANG employees driving inflation?
- throwaway0a5e 4y agoMy primary point was that the extra demand caused by FAANG driven monopoly money suddenly sloshing into these other markets could easily cause prices to increase far beyond what the dollar values and number of people would make you think because supply for all sorts of things is not elastic enough over a short enough time period.