The Overshoot

The Overshoot

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The Overshoot
The Overshoot
House Prices, Rents, and Inflation
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House Prices, Rents, and Inflation

Asset values are just a function of current earnings, anticipated earnings growth, and the discount rate

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Matthew C. Klein
Aug 17, 2021
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The Overshoot
The Overshoot
House Prices, Rents, and Inflation
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House prices have soared across the rich world since the start of the pandemic, with the median country experiencing an increase of more than 10% since the start of 2020.

So far, these increases have far outpaced changes in average wages as well as conventional measures of consumer prices. That’s starting to fuel a debate about whether inflation is being…

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