heh next startup wave incoming artisanal firearms trainers roof Koreans as a servicehttps://twitter.com/YahooNews/status/970723141231181824 …
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In particular, -- I think mentioning the 1%ers is a distraction here; there just aren't enough of them. Price increases are nearly entirely driven by a spike in demand from (young!) upper middle class households. -- New developments being mostly high-end isn't super . . .
. . . important for general price increases. If they weren't being built, incumbent landlords might improve their existing units, or (probably) just rent them out as-is to yuppies desperate for space. Quantity matters much more than quality for price spikes. (contd)
-- "neither a teacher nor a social worker making [their profession's] median national salary . . . can afford fair market rent for a two-bedroom home in [some specific] metro areas" reflex: but teachers in those cities are paid more and 2BR SFRs are **LUXE** in those areas!
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