Now do Metro Area Rent. And do it over the last 4 years. Housing is screwed because of the high interest rate loans locking homeowners in place and dropping the available stock. Landlords however just declared open season on their renter’s wallets.
I didn’t get why you’re so resistant to this? We know where the bottleneck is before our economy hits stagflation. We can fix this. And then we’ll all celebrate being able to afford celebration again.
Stagflation is high inflation, low growth. One of the warning signs is intractable inflation because it forces a demand crisis once prices get high enough. That causes low growth while inflation is still running away. So yes we’re in danger of Stagflation.
You can’t get 2024 numbers for most things because it’s still 2024. Unless you personally call up an organization that does the tracking to get monthly or quarterly numbers. And unless it’s going to drop the price by 20% this year then it’s not going back to where it was pre-pandemic.
Again, I’m not sure why you’re fighting so hard. We knew there was something going on with inflation not responding. This means we can fix it with new policy and subsidies.
Considering there was already an unreasonable rise in rents from 2008 on, yeah we really need to actually go back on this one. Accepting the standard corporate position of prices only go up is part of how we got here in the first place.
And it’s fine if you want to scrape Zillow’s information and do your own spreadsheet. But the Daily Mail would have us believe Austin is in the middle of it’s own little 2008 style housing meltdown. If that’s true then this really is an exception to the rule right now and we should go back to talking national numbers.
Yes, which is dominated by NIMBY policies and housing prices increases in places like SF where building is almost non-existent
Places like Texas only had increases of 0.6%
Now do Metro Area Rent. And do it over the last 4 years. Housing is screwed because of the high interest rate loans locking homeowners in place and dropping the available stock. Landlords however just declared open season on their renter’s wallets.
https://www.wsj.com/economy/housing/once-americas-hottest-housing-market-austin-is-running-in-reverse-94226027?mod=e2tw
Landlords only follow the market rates, so housing can easily decrease in price when you actually build
Here’s some numbers from a local paper that’s not paywalled.
Here’s the very enlightening graph.
And finally, here’s what landlords think about “just following the market”
I didn’t get why you’re so resistant to this? We know where the bottleneck is before our economy hits stagflation. We can fix this. And then we’ll all celebrate being able to afford celebration again.
What stagflation? The inflation is 3% and the economy is doing just fine
Nice graph, though, since it doesn’t include recent price drops. It’s 2024 already
Stagflation is high inflation, low growth. One of the warning signs is intractable inflation because it forces a demand crisis once prices get high enough. That causes low growth while inflation is still running away. So yes we’re in danger of Stagflation.
You can’t get 2024 numbers for most things because it’s still 2024. Unless you personally call up an organization that does the tracking to get monthly or quarterly numbers. And unless it’s going to drop the price by 20% this year then it’s not going back to where it was pre-pandemic.
Again, I’m not sure why you’re fighting so hard. We knew there was something going on with inflation not responding. This means we can fix it with new policy and subsidies.
But inflation is only 1% above target?
It’s not going to be where it was pre-pandemic, nothing is. But Austin property prices may be flat for the whole year, if not negative.
You don’t need to call up any organization, just scrape Zillow, lol
https://www.dailymail.co.uk/yourmoney/property-value/article-13210091/austin-housing-boom-bust-pandemic.html
Just look at the more recent graphs
Considering there was already an unreasonable rise in rents from 2008 on, yeah we really need to actually go back on this one. Accepting the standard corporate position of prices only go up is part of how we got here in the first place.
And it’s fine if you want to scrape Zillow’s information and do your own spreadsheet. But the Daily Mail would have us believe Austin is in the middle of it’s own little 2008 style housing meltdown. If that’s true then this really is an exception to the rule right now and we should go back to talking national numbers.
Prices only go up because the amount of dollars only goes up. It’s a built-in feature