Paul Krugman

@paulkrugman ↗

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Last Checked Feb. 22, 2022

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Sun Jan 23 13:30:37 +0000 2022

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Paul Krugman @paulkrugman

Aha. An economic mystery solved, I think (with a suggestion from Charlie Steindel). I've been noting that we're currently seeing a surge in real house prices up to 2000s-bubble levels 1/ https://t.co/ukUAXznGpk — PolitiTweet.org

Posted Jan. 23, 2022

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Paul Krugman @paulkrugman

Especially clear for "food away from home", which is sort of like the Big Mac index https://t.co/fR5swReuzI — PolitiTweet.org

Posted Jan. 22, 2022

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Paul Krugman @paulkrugman

But the 2000s bubble was geographically very uneven: prices surged in cities with strict zoning, but not in places where developers were free to sprawl => elastic housing supply. This time the price rise is across the board, in fact in some cases higher in sprawl areas 2/ — PolitiTweet.org

Posted Jan. 23, 2022