How does saying that demand increased more than supply reduced in 2020 contradict the idea the the overall size of supply in in-demand parts of the country is lower than the overall size of demand in those areas? Like, if you look at 50-year price histories in SF or LA, how can you conclude that supply has kept up with demand?
I think we've now just seen that same pattern catch up with more places. I know people in Austin and Houston who were complaining that prices were already getting too high before 2020. That's where the folks priced out of CA were going even then.
I think we've now just seen that same pattern catch up with more places. I know people in Austin and Houston who were complaining that prices were already getting too high before 2020. That's where the folks priced out of CA were going even then.