⟳ Репост от kirblar024
Rental prices are important because even though a majority of people at any given time do not rent, almost everybody goes through a period of renting. It ends up affecting the transition to ownership as well.
Joe FishHere's another way to see that rent is probably the most important long-term affordability constraint: In a world where rent (shelter) prices increased only as fast as the rest of the economy, purchasing power today would be about 13% higher (measured by wages)