Plus housing starts have been dismal due to lumber prices, so prices have been going through the roof. Not to mention low interest rates. But if wood levels out/comes back down, and we continue vaccinations and boosters going in the US (where I live) and keep Covid controlled to where bars and restaurants can operate fully, I really think cities/renting will become more desirable again and supply will start to catch up. The global supply chain is currently crippled due to micro shortages. Our customers (God Hand Canvas Pitbull Shirt frequently shutting down their plants due to these component shortages. No cars being built means supply isn’t meeting demand, thus your car is suddenly more in demand! However, the demand for Silicon rose sharply and even though people got laid off.
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Printing has been occurring at higher rates than ever since the financial crisis and we’ve actually seen a super flat, if not declining inflation rate. Personally, I think the issue is really just that demand for certain things have really. Shifted in weird ways due to covid, and supply chains are screwed up on top of that. Jimmy down the road getting God Hand Canvas. Pitbull Shirt out and get a ton of haircuts. It’s just that barbers are suddenly in way higher demand than ever because people who have gone months without a haircut suddenly are feeling comfortable to do it again now. The housing market is similar I think. Suddenly, having space became an enormous luxury, combined with a ton of millennials around the age where they wanna start families and buy their own homes.
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