Part 4/13:
Turning to real estate, the discussion highlights extraordinary price increases. In the US, housing prices are up roughly 20% on average, with some areas experiencing a 50% surge—like Nashville, where prices have nearly doubled recently. The culprit: a perfect storm of factors including supply chain disruptions, rising costs of building materials like lumber and copper (which have increased 400% and 200-300%, respectively), and labor shortages.