3 ms·
But why not? There is no precedent to the contrary. Rent has always gone up, people are social animals. The needs of business are independent of people's desir
by huffmsa 10y ago
But why not? There is no precedent to the contrary. Rent has always gone up, people are social animals.
The needs of business are independent of people's desire to be with other people.
Virtualization need to improve a lot before the experience of "group" is as good as real life.
- jseliger 10y agoRent has always gone up This is not true, see e.g. http://observationsandnotes.blogspot.com/2011/07/housing-prices-inflation-since-1900.html http://observationsandnotes.blogspot.com/2011/07/housing-pri..., http://marginalrevolution.com/marginalrevolution/2016/02/67635.html http://marginalrevolution.com/marginalrevolution/2016/02/676..., and http://marginalrevolution.com/marginalrevolution/2016/08/laissez-faire-in-tokyo.html http://marginalrevolution.com/marginalrevolution/2016/08/lai... . The housing sector is excellent at providing housing services but has not over long periods of time and a wide array of places shown supernormal investment returns, adjusting for inflation. Robert Schiller has written extensively on this. Here is on pop article on his work: http://www.usatoday.com/story/money/personalfinance/2014/05/10/why-your-home-is-not-a-good-investment/8900911 http://www.usatoday.com/story/money/personalfinance/2014/05/...