[yonran]

I think the best person who explains housing trends is Kevin Erdmann. This article provides an overview of his conceptual model for why prices fell nationwide in the Great Recession (people with bad credit were prohibited from getting a mortgage), why both prices and rents have been increasing since the Great Recession (when the Fed reduced prices too low, the construction industry collapsed), and why it is a mistake to attack build-to-rent landlords (they are a major source of new supply today). https://www.mercatus.org/research/policy-briefs/getting-corp...