Reading the comments section on the orange site for an article about housing prices. Nobody, and I mean nobody, is mentioning that the denominator gets debased. The closest they get to the core is when someone mentions inequality, and observes how real estate gets bought up as an investment to the detriment of the wage-bound.
“monetary premium” is the term they’re searching for. And, no, regulation, deregulation, zoning laws, etc, won’t solve the issue.
We’re still early. Do what @ODELL says.
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