Mark Blyth

You ain't got enough places to rent out. So if the Fed raises interest rates to cool the economy, what is it doing to the housing market? It's making sure that you're spending almost a third to a half year income on rent. You know, if your rent goes up by 30%, hell yeah, that's going to hurt, right? Right.

You ain't got enough places to rent out. So if the Fed raises interest rates to cool the economy, what is it doing to the housing market? It's making sure that you're spending almost a third to a half year income on rent. You know, if your rent goes up by 30%, hell yeah, that's going to hurt, right? Right.

Now, this also tells us something else that's really important and never gets in the discussion of inflation. It matters where you sit in the income distribution. If you're a rich person, relative to your income, you don't consume much. And inflation is all about the stuff that you consume.

Now, this also tells us something else that's really important and never gets in the discussion of inflation. It matters where you sit in the income distribution. If you're a rich person, relative to your income, you don't consume much. And inflation is all about the stuff that you consume.

Now, this also tells us something else that's really important and never gets in the discussion of inflation. It matters where you sit in the income distribution. If you're a rich person, relative to your income, you don't consume much. And inflation is all about the stuff that you consume.

If you're a really rich person and you don't have a mortgage and you don't spend your money on fine bottles of Chateau Lafite every week, even if you do, it probably won't make a difference, right? You don't consume that much. You're not hurt that much by inflation.

If you're a really rich person and you don't have a mortgage and you don't spend your money on fine bottles of Chateau Lafite every week, even if you do, it probably won't make a difference, right? You don't consume that much. You're not hurt that much by inflation.

If you're a really rich person and you don't have a mortgage and you don't spend your money on fine bottles of Chateau Lafite every week, even if you do, it probably won't make a difference, right? You don't consume that much. You're not hurt that much by inflation.

If you're a single mom and you're working two jobs and your prices are going through the roof and you can't afford child care and your life's falling apart and your landlord's throwing you out because you can get someone else to pay a higher rent, it absolutely mars.

If you're a single mom and you're working two jobs and your prices are going through the roof and you can't afford child care and your life's falling apart and your landlord's throwing you out because you can get someone else to pay a higher rent, it absolutely mars.

If you're a single mom and you're working two jobs and your prices are going through the roof and you can't afford child care and your life's falling apart and your landlord's throwing you out because you can get someone else to pay a higher rent, it absolutely mars.

So it's like how it affects us individually across the income distribution. This is why people are pissed when people tell them inflation's going down. Because the level ain't going down, right? It's still 45 for a beef rib and that's absolutely scandalous.

So it's like how it affects us individually across the income distribution. This is why people are pissed when people tell them inflation's going down. Because the level ain't going down, right? It's still 45 for a beef rib and that's absolutely scandalous.

So it's like how it affects us individually across the income distribution. This is why people are pissed when people tell them inflation's going down. Because the level ain't going down, right? It's still 45 for a beef rib and that's absolutely scandalous.

It'll only be $47. It's really cold comfort.

It'll only be $47. It's really cold comfort.

It'll only be $47. It's really cold comfort.

Absolutely. I mean, honestly, in terms of giving people relief, think about it this way. If you don't have to spend as much money on the same wage, what I've done is I've increased your real wage. Right. Right? So if I can make everybody's rents 20% cheaper by increasing the supply of housing, That's a 20% wage increase. Right.

Absolutely. I mean, honestly, in terms of giving people relief, think about it this way. If you don't have to spend as much money on the same wage, what I've done is I've increased your real wage. Right. Right? So if I can make everybody's rents 20% cheaper by increasing the supply of housing, That's a 20% wage increase. Right.

Absolutely. I mean, honestly, in terms of giving people relief, think about it this way. If you don't have to spend as much money on the same wage, what I've done is I've increased your real wage. Right. Right? So if I can make everybody's rents 20% cheaper by increasing the supply of housing, That's a 20% wage increase. Right.