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"Home prices look remarkably stable when corrected for inflation. Over the 100 years ending in 1990 — before the recent housing boom — real home prices rose onl
by rifung 7y ago
"Home prices look remarkably stable when corrected for inflation. Over the 100 years ending in 1990 — before the recent housing boom — real home prices rose only 0.2 percent a year, on average. The smallness of that increase seems best explained by rising productivity in construction, which offset increasing costs of land and labor."
From Nobel Prize winner Robert Shiller
https://awealthofcommonsense.com/2013/04/robert-shiller-on-real-estate-investments/ https://awealthofcommonsense.com/2013/04/robert-shiller-on-r...
- sjg007 7y agoWhen corrected for inflation equals zero. And 1990 was 29 years ago.