The disappearance of the home priced at less than $300k in American markets, is a striking development of recent years.
thedailyshot.com/2022/08/24/ser
Conversation
just saw the lhs is 2002- thought it would be much earlier lol
And with inflation raging the way it is, we are going to get really close to that zero bounds and stay there. Goodbye $300k house, you will be missed.
Chickens roosting
Quote Tweet
Number of states whose housing stock grew by LESS than 10% over each 10 years:
1950 (vs. 1940): 5
1960: 3
1970: 12
1980: 2
1990: 15
2000: 19
2010: 18
2020: 43
2
1
32
This was part of my continuing to effort to rescue the purely economic outcomes of the Clinton Presidency from the condescension of left-Dem posterity.
Quote Tweet
That thing about the ratio of the median new home sales price to nominal household income being stable in the 1990s. I wasn't kidding.
Show this thread
2
25
It would be interesting to try to decompose effects. The late 2000s housing bust set up for: first a shortage, and then a diaspora, from mega cities.
Smaller cities that were once shunned suddenly have growth problems.
1
4
