And that doesn't really change anything in my argument, the correction is in the third digit. The housing ratio right now is close to the record-high level, and surpassing that in 70-s and 80-s. And it certainly was not 1.6 in 1998.
Indeed, I did copy that out wrong, but I don't think your argument that housing is substantially higher today than the 80s or 90s stands.
Nor does today surpass all of the 80s. As I stated before, the ratio of units to households was a higher from 1984 to 1999 than today.
It is higher than the 1970s, but there was a housing crisis in the 70s to early 80s, so that doesn't mean much, especially given it's a relatively recent change. 2012 to 2022 was worse than the 70s.
