tag:blogger.com,1999:blog-1110014885778996459.post6570320779134640282..comments2024-03-29T00:15:52.716-07:00Comments on Idiosyncratic Whisk: January 2018 CPIKevin Erdmannhttp://www.blogger.com/profile/07431566729667544886noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1110014885778996459.post-60686902083975868382018-02-19T13:28:58.153-07:002018-02-19T13:28:58.153-07:00Thanks for the tip.Thanks for the tip.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-47971849012180444062018-02-15T20:43:44.571-07:002018-02-15T20:43:44.571-07:00Well, this is night bar-talk type speculation, but...Well, this is night bar-talk type speculation, but here goes: <br /><br />ESS ticker is Essex Property Trust, owner of West Coast apartment buildings. They are down in last year. <br /><br />This downtrends fits with my surmising that rents are topping out in closed-access cities. People are moving out, Amazon is moving out. Business cannot expand anymore.<br /><br />(Of course, higher interest rates play a role in ESS's ticker)<br /><br />This flattening or rents may result in another undercut on the CPI or PCE, though it will take some time to factor in. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-20029677710643462272018-02-14T19:57:08.482-07:002018-02-14T19:57:08.482-07:00From what I saw in L.A., you are correct sir.
Lo...From what I saw in L.A., you are correct sir. <br /><br />Long Beach, a big city no one knows about, is going to rent control.<br /><br />Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-24034778912642499652018-02-14T19:36:12.041-07:002018-02-14T19:36:12.041-07:00Poor move out, rich move in. Median rent to income...Poor move out, rich move in. Median rent to income stays at 45%, but composition of population raises relative incomes. Rinse and repeat.Kevin Erdmannhttps://www.blogger.com/profile/07431566729667544886noreply@blogger.comtag:blogger.com,1999:blog-1110014885778996459.post-10566777649022568962018-02-14T17:43:58.120-07:002018-02-14T17:43:58.120-07:00I don't think the NeoFisherians are correct, b...I don't think the NeoFisherians are correct, but....<br /><br />I am expecting housing costs to flatten on the theory the closed-access cities can't get away with higher rents anymore...Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com