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> Do we really have a housing deficit? The number of new families goes up more every year than the number of new places to live. How's your algebra? > If you
by BugsJustFindMe 2y ago
> Do we really have a housing deficit?
The number of new families goes up more every year than the number of new places to live. How's your algebra?
> If you look at rent on the other hand it has stabilized in most location.
This is false. https://fred.stlouisfed.org/series/CUSR0000SEHA https://fred.stlouisfed.org/series/CUSR0000SEHA
Zoom in on the 5 and 10 year windows.
- goalonetwo 2y agoComparatively to the increase in house prices, rents have definitely stabilized. It is now clearly better to rent in most of the US than buy an equivalent house. Use the rent or buy NYT calculator
- BugsJustFindMe 2y ago> Comparatively to the increase in house prices That doesn't mean rent has stabilized. That just means it's the less shitty of two very shitty options.