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Is the Housing Bubble Going Back Down?
Core CPI month over month, 0.4%, and core year over year six and a half was expected, and they got 6.6. That's serious business, man, 0.8%. You keep doing that every month, and you're going to be paying a lot more rent. This is the lingering effect of the housing bubble, which peaked in 2006, and we're in 2022. I mean, it just shows you how these effects just grind through for decade after decade.