There's long been a supply side issue with housing. It's also sold at the margin so if demand keeps increasing by say 5k people/yr and supply increases at 3k p

There's long been a supply side issue with housing. It's also sold at the margin so if demand keeps increasing by say 5k people/yr and supply increases at 3k people/yr then prices go up way beyond 5/3. Awfully weird for this inflation to be demand side when people got a ton of money (and spent it) and things didn't cost more and then _years_ later it did ... Like I could say inflation is going to occur people Biden ate a sandwich today and as long as it happens within the next 3 years I can just claim success?