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> It's reasonable to wonder how rents and home values doubled over a few years when the population didn't. Is it a mystery? As I understand it, more people wan
by xnx 2y ago
> It's reasonable to wonder how rents and home values doubled over a few years when the population didn't.
Is it a mystery? As I understand it, more people want to live in the same few places (where jobs are or are otherwise desirable). There are huge parts of the country where real estate is cheaper than ever.
- twiceaday 2y agoAre you implying that this somehow explains the full price? Those same few places are also the best places to buy investment properties, and this fake demand (not buying to live there) increases prices too, and this impact could be huge.