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[EDIT: I misunderstood; see below] That doesn't sound right: US-wide inflation since 2019 is less than 30% (more like 19%), in which case I don't see how to sq
by jefftk 3y ago
[EDIT: I misunderstood; see below]
That doesn't sound right: US-wide inflation since 2019 is less than 30% (more like 19%), in which case I don't see how to square your claim with the article's headline.
- apsec112 3y agoIt's down 16% in nominal terms. From the article: "The city’s typical rent in November 2023 was 16.4% lower than the $2,620 in November 2019."
- jefftk 3y agoThanks! I misunderstood the headline, and thought it was saying that despite covid rents are still higher than the pre-2020 baseline, when actually it's saying that rents are still lower (in nominal terms, and so strongly so in real terms) than the pre-2020 baseline.