this post was submitted on 17 Jul 2023
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That's entirely fair. I was making broad assumptions about ownership.
But it's all intertwined. That home's $3900/mo rent price 2 years ago is still indicative of the problem. Pre-covid that home would have been more affordable. The families that could have afforded it are pushed either to smaller homes or into rentals. Due to inflation across the board everyone's getting pushed down into smaller or otherwise less expensive housing, of which there is limited supply.