Boroughs & Burbs 100 || Why? Greedflation, Spurious Correlations, and Contradictory Signals

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The news is full of contradictions. We hear talk of an inflationary bubble and runaway housing costs are met with Fed tightening and the end of the stimulus. A record number of Millennials are starting families, experiencing record low unemployment and rising wages. And yet those wages aren't keeping pace with record inflation. Add to this supply chain problems, a lack of affordable housing, bank tightening and rising commodity prices seem to add a level of uncertainty not seen in our lifetime. This week we want to talk economics. We are trying to separate the signal from the noise. Our guest is a man who has been studying housing prices since founding his firm in 1986. We'll ask Jonathan which of those headlines matter most to the real estate market, and which we can safely ignore.