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A comment on Baby boomers are becoming homeless at a rate not seen since the Great Depression. Parent comment

Re:Baby boomers are becoming homeless at a rate not seen sin... by oceanplexian on Monday September 25, 2023 @03:05PM (#37648952)
Inflation isn't a single number that applies to all goods and services. The price of inputs to residential construction have practically doubled since 2018, nevermind 2010 (https://www.nahb.org/blog/2022/05/building-materials-up-more...).

If it costs twice as much to build a residential structure as it did 10 years ago, then rent will cost twice as much. There's no conspiracy, it's not Blackrock buying up all the houses, it's not the greedy politicians. It's caused by government spending beyond its means, expansion of the monetary supply, and the increased regulations that create more risk for investors and causes prices to go up.

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Re:Baby boomers are becoming homeless at a rate not seen sin... by AnthonyMouse on Tuesday September 26, 2023 @02:09AM (#37655082)
The price of inputs went up because of COVID supply chain issues and higher demand for inputs. There are all indications of the high prices being temporary and they're already starting to go back down.
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