ive wasted so much time fiddling with notion documents
The average for the last month is is $5,738
This is a 25%+ increase, let's say around 10% of that can be accounted for via seasonal increases.
The almost certain incoming mayor has pushed for rent stabilization/control/freeze. Let's assume this restricts increases to 10% Y/Y similar to cities like Seattle, this would cause at least a 5% recessionary pressure for housing suppliers.
The big question - is the increase due to greed among the supply (i.e. this pressure is good for the market), due to existing market pressures (i.e. this pressure may cause a wider recession in the housing market), or due to a bubble (i.e. this pressure may pop it, for better or worse)?
We need to jack up interest rates again.