This Is Where America's Runaway Inflation Is Hiding
. . . an event which deeply hurts the poor, and lower middle class.
Don't worry, our local governments are not going to change course just to help keep our poor out of the poor house, No siree!
Our local governments will stick to their destructive zoning, growth, and services boundary laws regardless of the consequences for the poor, the lower class, and even the middle class. Just take a look at San Francisco where you will see anyone earning less than $200,000 is pretty much boxed out of the home ownership racket.
Rental inflation is driven by a lack of developable land proximate to where people would like to live. This is commonly a false problem driven primarily by zoning and land use laws.
Boomer versus Millennial Wrestling World Smackdown, Portland is out ahead, but Seattle is running a close second!
Increasingly most of our economic problems are driven by economically incompetent government policies. Perhaps it is time for a change?