House Of Mirrors: Rent and The Housing Market
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- Опубліковано 25 кві 2024
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Today, we rant about rent and the housing market. Like a fun house mirror without the fun, several housing-related forces are distorting economic activity. There’s the distortive way rent inflation is measured in the headline CPI; if the BLS’s new All Tenant Rent index were used instead, the Fed would be fighting too-low inflation! … There are the forces messing with supply and demand, depressing the supply of homes for sale (Baby Boomers aren’t moving) and elevating demand for rental units. … Housing affordability has suffered as a result, with home prices up 46% just since the lockdown ended. The good news is that new rental supply is ameliorating rent inflation.
Very interesting episode, Ed. Kudos!
Great point about PE!:)
Always a nice presentation. Thank you!
Many thanks! Live long and prosper.
Always a great presentation. Thank you. Cheers!
These charts and conversation is amazing but I find the cpi discussion a little misleading. What is concerning the market is the MoM CPI data, not the YoY. The annualized MoM is well over 4 so that’s the concern.
What are these Videos pre-recorded?
I think it is from Monday.
Yep he said in video it's April 22nd
Why does he put it out so late?
$ to play, Capitalism! That’s why this is a great country. 4 days later is good enough for me. Thanks Ed
@@CharlesPurvis-kg9oc I believe this is from a paid service. If you pay you get it live.
How can the data be interpreted so different? Danielle Martino Booth says we are currently in an recession.
Any thoughts on the Silent Generation regarding their real estate holdings? Your chart lines are remarkably flat relative to the other generations.
Food costs have risen in a big way since Covid started. The Fed can't hide behind "volatility". Ok, it's volatile, but they should include it anyway and then make quarterly adjustments as necessary.
Can anyone explain to me this: if BB ratios are such good contrarian indicators, why people who are actively involved in the stock market as newsletter writers etc (those who constitute the II/AAII) themselves turn out to be so ignorant about them
I really can't believe how the audience here is so obsessed about small/mid vs big caps. It's the same question every week! I feel like those are very much wasted. Great respect to Dr Ed though obviously.
Ed, you wish for peace in the Middle East but not in Ukraine/Russia? Puzzling.