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Money and Finances
Reply to "Inflation: explain it to me like I'm 5"
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[quote=Anonymous]I think an under-analyzed source of inflation is due to the lack of housing supply. That's allowed the prices of existing homes to rise rapidly since 2010. Anyone who owned a home in 2010 and was willing to move could sell, pay off their mortgage, pay cash for a new home, and still have proceeds left over. That meant a lot of money sloshing around the upper middle class, looking for a place to be spent. [/quote]
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