This, from a new paper out of the Cleveland Fed, is what happens when your city's economy booms while most of the country slogs through two recessions:


Via the Federal Reserve Bank of Cleveland

P.S. D.C. residents: Feel free to forward this to any East Coast friends complaining about the soaring cost of brownstones in Park Slope.

 

 

Jim Tankersley covers economic policy for The Post. He's from Oregon, and he misses it.