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.

КОМЕНТАРІ • 18

  • @tmangeles7575
    @tmangeles7575 2 місяці тому

    Very interesting episode, Ed. Kudos!

  • @kp2718
    @kp2718 2 місяці тому

    Great point about PE!:)

  • @daveschmarder-1950
    @daveschmarder-1950 2 місяці тому +2

    Always a nice presentation. Thank you!

  • @jimo5758
    @jimo5758 2 місяці тому +1

    Many thanks! Live long and prosper.

  • @Meishach2112
    @Meishach2112 2 місяці тому +1

    Always a great presentation. Thank you. Cheers!

  • @amirmokari9973
    @amirmokari9973 2 місяці тому +1

    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.

  • @CharlesPurvis-kg9oc
    @CharlesPurvis-kg9oc 2 місяці тому +5

    What are these Videos pre-recorded?

    • @chessdad182
      @chessdad182 2 місяці тому +1

      I think it is from Monday.

    • @Rodviper88
      @Rodviper88 2 місяці тому +1

      Yep he said in video it's April 22nd

    • @CharlesPurvis-kg9oc
      @CharlesPurvis-kg9oc 2 місяці тому +2

      Why does he put it out so late?

    • @johnhiz6239
      @johnhiz6239 2 місяці тому +5

      $ to play, Capitalism! That’s why this is a great country. 4 days later is good enough for me. Thanks Ed

    • @RaviSingh-iy1nl
      @RaviSingh-iy1nl 2 місяці тому +2

      @@CharlesPurvis-kg9oc I believe this is from a paid service. If you pay you get it live.

  • @fkeopfkeop
    @fkeopfkeop 2 місяці тому

    How can the data be interpreted so different? Danielle Martino Booth says we are currently in an recession.

  • @Long_Tail_of_Finance
    @Long_Tail_of_Finance 2 місяці тому

    Any thoughts on the Silent Generation regarding their real estate holdings? Your chart lines are remarkably flat relative to the other generations.

  • @jimsmith8324
    @jimsmith8324 2 місяці тому

    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.

  • @kp2718
    @kp2718 2 місяці тому

    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

  • @kp2718
    @kp2718 2 місяці тому

    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.

  • @thaddeus46
    @thaddeus46 2 місяці тому

    Ed, you wish for peace in the Middle East but not in Ukraine/Russia? Puzzling.