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The Super Bubble (EP.273)
Animal Spirits Podcast
Is Rent Sticky?
Housing prices are relatively sticky because you can lock them in for a certaino time, so it takes a little longer. It would have to be a pretty bad recession for rent to come down. The hope was that we'll raise mortgage rates, that'll stop prices, and inventory will rise. But i just think that they screwed this up so badly that the housing market is going to grind to a halt.
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