[renewiltord]

> Yeah and on the flipside the price of rent will go down.

Would you like to set up a bet on this? We can use the average 1 br rent in NYC as the target. To protect against seasonal effects we'll take the min and max over a 1 y period before this occurs and after this occurs. You win if both are lower over 1 y than they are now. I win if both are higher over 1 y. If there's a mix, we call it a tie.

https://www.zillow.com/rental-manager/market-trends/new-york... can be our source

[RC_ITR]

It's so weird to me that people can claim to fully understand the concept of inflation and still expect prices to go down rather than the rate of growth to decrease.

Rents will go down vs. where it would be otherwise. Almost nothing deflates in nominal dollars ever.

[renewiltord]

Indeed. Which is why (and also that I think this is a minor factor in present rental prices) I think I'll make money off your claim that "Yeah and on the flipside the price of rent will go down."