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A comment on Homes in 97% of U.S. cities are overvalued, Moody's says. Parent comment

Re:Homes in 97% of U.S. cities are overvalued, Moody's says by CPLX on Thursday May 05, 2022 @09:32PM (#31280215)
They could be overvalued relative to rent which is a much more compelling case, since renting a property is a near exact (not perfect, but close) substitute for owning one, on a practical utility level.
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Re:Homes in 97% of U.S. cities are overvalued, Moody's says by 10amxn10 on Thursday May 05, 2022 @10:42PM (#31280683)
Where I live (not USA), monthly rent is about 0.1% - 0.2% of the price value of an apartment. For example, I pay about 350 USD/month and the owner is (trying) to sell the apartment for 180,000 USD.

It doesn't make sense to me, but whatever.

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