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From my understanding, most of the markets have resolved their post Covid lockdown issues. However, housing is still super high in many areas of the country, especially places that refuse to build more housing.
I work in construction, so I see a lot of new builds in my city if Charlotte. It's rents and housing is one of the fastest dropping in the United States. And the amount of luxury apartments that are about to drop in high demand areas, I can see prices drop even more by the end of the year.
If this is the case, would it be worth encouraging the private sector, especially in high demand areas to increase their housing supply so they can reduce their house prices?
Would this help reduce inflation more than raising rates and hoping people act the way the Fed wants them to, because it doesn't seem to be working.
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- 7 months ago
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