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A Month or even a year's price decline is insignificant. Housing prices have outpaced inflation and far outpaced wage gains nation wide for decades.[0] As is t
by TomMckenny 8y ago
A Month or even a year's price decline is insignificant. Housing prices have outpaced inflation and far outpaced wage gains nation wide for decades.[0]
As is true of every asset class relative to the value of labor[1]
Indeed, barring extreme systemic changes, there are a couple of things that we can be absolutely certain of nation wide in 10 years: housing will be less affordable and there will be more homeless.
[0] https://www.cnbc.com/2017/06/23/how-much-housing-prices-have-risen-since-1940.html https://www.cnbc.com/2017/06/23/how-much-housing-prices-have...
[1]https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Century https://en.wikipedia.org/wiki/Capital_in_the_Twenty-First_Ce...