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A comment on U.S. rent has increased 175% faster than household income over past 20 years. Parent comment
In your second scenario, the average rent has not changed.
If this supply change happened over a century, a 33% increase would probably be very reasonable, and means the price went down in real terms.
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In your second scenario, the average rent has not changed.
If this supply change happened over a century, a 33% increase would probably be very reasonable, and means the price went down in real terms.