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>>> But surely this isn't the first time they've gotten worse, right? They've increased many previous times in many previous places throughout history, right?
by user5994461 8y ago
>>> But surely this isn't the first time they've gotten worse, right? They've increased many previous times in many previous places throughout history, right?
Truth be told. This is the first time in history this happens. There has never been as long a period without war or calamity. Properties were never inflated to the point of being not affordable within multiple decades of income.
You were trying to give the 20's as an example. 1920 is just after the war, property had zero value after most of them were destroyed and most tenants are dead. Fast forward less than 20 years and it's world war two, it's all reset again.