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The data don't support the claim "it's housing." The change happened exactly and spectacularly at COVID; housing complaints significantly predate this.



While true that the first leg down was when covid hit, there's a noticeable second leg down in the summer of 2021. This also happens to be when inflation/price increases started to accelerate.

It could also be due to govt aid programs expiring, leading to less disposable income.


Housing prices accelerated greatly since the start of COVID: https://fred.stlouisfed.org/series/csushpinsa


Yes, there was a massive building material shortage and labor shortage, both driving costs up.

The complaints about housing prices predates this by well over a decade.




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