“to meet that demand, to bring those prices back down. But…” — Cato Audio at 55:30
“to meet that demand, to bring those prices back down. But in housing, it doesn't seem to work that way. It also takes a really long time. So we are building a lot of housing in this country. And one of the unintended consequences of the so-called lock-in effect is that new homes are at record percent of sales overall.”
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