4 Comments
User's avatar
Rahul Bahl's avatar

Another thoughtful and well reasoned piece. Thanks for sharing!

Philo's avatar

Thanks!

Brent Morrison's avatar

Any consideration of the drivers of the demand for housing?

Mark Ashley's avatar

Land cost 14% of new SF home price? Please tell me where so I can go there, buy all the land, and build SF homes for sale! :)

Average real net wages tripled? For whom? Does that FRED chart link to a database from which it crunched those numbers?

Thank you, and keep up the good work!