Dan O’Brien on Twitter re housing price growth deceleration
Good news on one area of inflation – house prices.
Sharp fall in the rate of increase since mid 2021, as monthly change charted shows clearly.
FWIW, great real world example of how a (still high) annual rate can mask an underlying trend. pic.twitter.com/hNhPCwxyRN— Dan O'Brien (@danobrien20) May 16, 2022
4 comments
Where did the chart come from? I can draw an inverse of this pretty fast.
Dan O’Brien who says there’s too much negativity in the news and that we should focus on the positives like the fact we live longer than our grandparents and there are high tech jobs here that didn’t exist ten years ago etc
I take his points but there is a human story to the cost of living in this country that he and economists in general often gloss over
There’s an air of the well off telling the less well off to cheer up
Not good news. If you say the average of all of these is say..0.8% per month since 2020 M3, that means prices have risen 19% since March 2020.
That means an apartment for 200k in March 2020 is now costing 240k.
Dan O’Brien is the embodiment of that meme of the dog in the burning house, saying everything’s fine