3 ms·
This is assuming stable economic and population growth. There are lots of rural and inner-city property owners who could provide a cautionary tale to this theo
by pchristensen 16y ago
This is assuming stable economic and population growth. There are lots of rural and inner-city property owners who could provide a cautionary tale to this theory.
- mattmanser 16y agoUnless he retired 20 years ago he's also talking in the context of the biggest property boom in history. Even after the current crash they're still significantly overvalued compared to their historic prices, once you take into account inflation.
- dLuna 16y agoIn principle I agree. On the other hand, if he has a positive cashflow from the property it doesn't really matter what its price on the open market is.