“The cost of rental property and single family homes is making it difficult to recruit skilled workers...”
There’s a simple solution to that. It’s called raising wages (faster than inflation).
I know, it’s something that Americans haven’t had to do in the last 50 years, but it’s still the basic solution to this problem.
These days there is a new factor in “raising wages” that was not the case during the Carter years.
An astounding percentage of the US population works for the US, state and local governments either directly or are contractors (directly or indirectly) to those entities.
At the end of the day any increase in their wages will be reflected in the cost of government, which will borrow more money which means more inflation.
We are entering the event horizon of the inflationary black hole.
You can maneuver here and there and convince the crew that the situation is under control....but it is really all over but the screaming....just a matter of time...particularly as the petro dollar enters its final days as the world’s reserve currency.