finance

Shelter rose a whopping 5.7% to lead March Inflation to 3.5%! Fed cuts still coming. But inflation reacceleration is on the table.

I am of two minds about shelter. On one hand, it's lagged and I saw some data earlier this year of more real-time indexes (e.g. zillow observed rent) showing a drop in costs (vs CPI)... but on the other hand, overall supply is still so constrained that it's hard to see it dropping thaat much in most geographies

Blob apreciatoooor.
Other than crypto i'm Interested in technology, business, chess, running 

https://paragraph.xyz/@oliverk120

yeah.. i am for rate cuts almost regardless of what happens (even ignoring my bags). The biggest issue for shelter is that there's not enough supply... and the higher rates are, the more difficult it is to create now supply. Huge problem in Canada rn (where I am)

Honestly, I expected this buck to be broken by now and it doesn’t look like it’s going anywhere. I think the only solution here is to cut mortgage rates. But then you run the risk of inflation running higher elsewhere.

it is lagged but new rents are moving upwards over 3% across the board. thats ugly no matter how we look at it.