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Replying to @kimmaicutler
@kimmaicutler rent increases are supply side-driven real price increases, not nominal ones driven by economy-wide increase in price level1 reply 0 retweets 0 likes -
Replying to @riccoja
@zeromeanerror it's changes in the job market, favoring urban core, and then supply restrictions.
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Replying to @kimmaicutler
@kimmaicutler right, none of which have to do with quantitative easing!2 replies 0 retweets 0 likes -
Replying to @riccoja
@zeromeanerror you don't think it changes the balance of where capital flows w/ real estate rising 20%+ YOY versus bonds, other assets?
1 reply 0 retweets 0 likes -
Replying to @kimmaicutler
@kimmaicutler here's@Noahpinion on "asset price inflation" http://noahpinionblog.blogspot.com/2013/07/asset-price-inflation-is-not-inflation.html?m=1 …1 reply 0 retweets 1 like
@zeromeanerror @Noahpinion tks
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