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The Housing Supply Myth - Cameron Murray & Ian Mulheirn
The Joe Walker Podcast
The Role of Interest Rates in House Prices
Many people think that the number of houses in a house determines its price. But it's really the market for housing services, i.e. rent - and if those variables change then rents can go up or down. How houses get priced is effectively people discount the future stream of rents on a given house. And so even though you've got very flat, very stable levels of rent that only move with incomes, that can still be consistent with very volatile house prices.
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