A guy just transcribed 30 years of for-rent ads. Here’s what it taught us about housing prices
Michael Andersen

There are some “black swan” events that might change the pricing trend, making it either lower or higher than 6.6%, for a while, including:

  1. instances of urban terrorism, like Europe is experiencing now;
  2. large earthquakes (or the fires that result) that scare off or kills an appreciable number of residents; and destroy older units that are replaced by higher density buildings
  3. interest rates return to historically high levels and rent price increases, relative to inflation, mirror the fairly flat part of the curve between 1963 and 1978.
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