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I wanted to revisit one graph, because I think it tells the story so well about what's happening in many US cities while lending standards are tight.
In the process, I realized that I should have adjusted for inflation, and in the process of doing that, I realized I had a minor excel worksheet error. Here is the chart with the error fixed and the dollars constant.
In the last post, the linear trendlines were pretty nearly lined up. But, the things that would affect the price/rent relationship should generally scale with inflation, so