(a) systemic inflation (b) all increases in urban population create inflation in housing prices, which create demand for increase in income, which is cyclically consumed by housing and commercial rental prices, (c) until the income from productivity is exhausted by maintenance.
Source date (UTC): 2019-11-08 17:13:09 UTC
Original post: https://twitter.com/i/web/status/1192852570907316224
Reply addressees: @ClownBa73413423
Replying to: https://twitter.com/i/web/status/1192835966504972290
IN REPLY TO:
@FullAccountant
@curtdoolittle How come housing in the US is overpriced almost everywhere? Is the “there’s a bubble of every asset (Housing, Stocks, Bonds, etc)” meme real? Looks like it to me.
Original post: https://twitter.com/i/web/status/1192835966504972290
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