The thing I find most fascinating about the liberal worship of the economy, is how they'll try to describe it like some vengeful, angry god we must appease by being "understanding" and saying the magic words "The economy is doing great."
Maybe rents have dropped slightly because landlords realised they got so greedy they couldn't actually find tenants anymore and had to dial it back so they could continue to exploit people?
It looks to me like the chart indicates that recently there may have been some average decrease in rents, but they've mostly been rising (sometimes dramatically) over the entire period covered by this graph.
The thing I find most fascinating about the liberal worship of the economy, is how they'll try to describe it like some vengeful, angry god we must appease by being "understanding" and saying the magic words "The economy is doing great."
Maybe rents have dropped slightly because landlords realised they got so greedy they couldn't actually find tenants anymore and had to dial it back so they could continue to exploit people?
They haven't though, what it measures is the rate of increase. It literally shows rents getting higher! Just not as fast as before.
Doesn't the last little dip show a small decrease?
So if in 2020 someone paid $1000 in rent, in 2021-22 it rose by 20% to $1200, then dropped maybe 2% in 2023 down to around $1176 or so.
That's my understanding of it, please tell me if I'm not getting it, math was never something I was great at.
It looks to me like the chart indicates that recently there may have been some average decrease in rents, but they've mostly been rising (sometimes dramatically) over the entire period covered by this graph.
check these out
https://ianwrightsite.wordpress.com/2020/09/03/marx-on-capital-as-a-real-god-2/
https://redsails.org/china-has-billionaires/#automatic-subject
https://www.smbc-comics.com/comic/2011-04-27