Specifically, data from RealPage suggest that asking rents rose 16 percent in both low- and moderateincome neighborhoods from January 2020 to February 2022, the same as in higher income neighborhoods. That’s the story on rents. What about the affordability of purchasing a home? House prices are up a cumulative 35 percent since the beginning of the pandemic, according to the Zillow Home Value Index.
In my opinion, this issue must be included on top of every single country agenda given that income distribution is becoming not only a typical problem for developing countries but also, more recently, for developed ones too. As a central banker, the issue of policy interaction – largely debated on the economic literature – is of great importance.