[actuallyalys]

The relevant comparison is to annual construction, not the total inventory. Looking at recent data, variations of 0.5 percent (~700,000) have happened, but they were due to large shocks like Covid or post-Covid inflation.

This argument feels analogous to saying “there’s no way a granola bar can affect your hunger, its calorie count is negligible compared to all the calories your body has stored.”

[riehwvfbk]

A used granola bar cannot be resold. I hope. A used house, on the other hand, is perfectly fine.

So, apologies, but that argument is a previously used granola bar :)