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by halsom
1858 days ago
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Your explanation doesn’t check out. First of all, construction hasn’t necessarily slowed down. Second, jobs were always in cities. That hasn’t changed. Third, new construction trends follow economic trends[0] and that has always been the case, since the dawn of the industrial era. It would be one thing if you were arguing that rising wealth inequality is a result of no new homes being built, but you’d still have to account for all the people who live in homes but don’t own them. [0]:https://fred.stlouisfed.org/graph/fredgraph.png?width=880&he... |
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