this post was submitted on 31 Jan 2024
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I prefer data over conjecture.
Outdated data is irrelevant. 2018 was before the housing shortage, before wealthy hedge funds started buying up real estate en masse, before real estate corps employed AI to buy real estate, before airbnbs became egregious to the point of legislation like above.
Quality and relevancy of data is important. You would roll your eyes at anyone citing 1920s census figures. Yes, that's a dramatic exaggeration, but it makes the point.
A lot has changed in real estate in the last 5 years. That's the entire basis of the housing crisis discussion as a whole.
... Unlike every other housing bubble both local or worldwide that happens every 15 years or so?
https://en.m.wikipedia.org/wiki/Real-estate_bubble
E:
... Wow.