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The first one wouldn't cover rents increasing but people paying them, albeit struggling. The second one is a lagging indicator. If lots of people bought their
by oblio 3y ago
The first one wouldn't cover rents increasing but people paying them, albeit struggling.
The second one is a lagging indicator. If lots of people bought their homes when they were cheap and are still alive, it will take time for the real impact to be visible.
- twojacobtwo 3y agoAgreed. Though I think that the 'struggling' part creates a lag in both aspects. I think the 'gotta have a side-hustle' trend is a strong indicator of this. I would be interested in seeing the trends in number of people working 2+ jobs (or income streams), population shifts to more affordable areas, and number of disconnects of non-essential services. From experience growing up in a poor family, I know the definition of 'non-essential' can expand greatly as desperation grows. Edit: Tracking real numbers in homelessness is also just extremely difficult.