The author understates the issue by quoting a 2.5% average annual increase in rent since 1980. Far more relevant is the 10.9% average annual increase in propert

The author understates the issue by quoting a 2.5% average annual increase in rent since 1980. Far more relevant is the 10.9% average annual increase in property price [1] over the last six years. [1] > Median house price September 2012: $735k > Median house price September 2018: $1.37M > (1.37/0.735)^(1/6) = 1.109 https://www.zillow.com/san-francisco-ca/home-values/ https://www.zillow.com/san-francisco-ca/home-values/