Tag Archives: rents

I Sure Am Glad There’s No Inflation

We are constantly bombarded with two messages about inflation: 1. Inflation is near-zero 2. This worries the Federal Reserve terribly, because stable prices are deflationary¬†and deflation is (for reasons that are never explained) like the financial Black Plague that will … Continue reading

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Rent Bubble = Housing Bubble = Rent Bubble

Here is the conventional narrative about rents and housing valuations: 1. Rents have soared because people can’t afford to buy a house and have to rent 2. Based on soaring rents, housing is fairly valued In other words, rents and … Continue reading

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