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Re:It’s mostly a demand shock, not a supply shock, and it’s ... by RC_ITR on Tuesday November 09, 2021 @12:56AM (#29158228)
8 Million people, which, while a small % of population, is huge compared to the c. 100mn cars that get sold globally per year.

And similar to the suburbs point, sure the suburbs existed before COVID, but they are becoming more heavily utilized (extra bedrooms turned to offices reduces the supply of housing) at the same time as an uptick in demand.

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