Effective rent inflation reaccelerates 52bp to 16.1% y/y (on a clean comp) -- a new cycle high.
I get the housing inflation argument (in part because I'm a landlord), but I don't see how higher housing prices leads to unemployment and GDP contraction?
I get the housing inflation argument (in part because I'm a landlord), but I don't see how higher housing prices leads to unemployment and GDP contraction?