Higher-income people are worried about the economy

Re:Higher-income people are worried about the economy by mywittyname on Wednesday March 23, 2022 @02:47PM (#30781845)

Most of the country never (in recent times) had a housing shortage before now. So it might be a political issue for the people who live in a handful of coastal cities, but this isn't a political issue in most states.

I have years worth of zillow pricing emails in my inbox, if I go back to '18, YoY price increases were like <1% in most zip codes and 2-3% in the nicer ones. Recent emails have prices going up 20%+ all over town.

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Re:Higher-income people are worried about the economy by ProfessorLayton on Wednesday March 23, 2022 @03:11PM (#30782103)

I'm in the coast, so I won't pretend to fully understand the markets elsewhere, however, it should be noted that ~50% of the U.S. population lives near the coast, or a constraining border limiting expansion.

For a very very large portion of the population it's land use and zoning rules that are constraining supply and causing everyone else to pay more than they otherwise would.

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