Yes, particularly housing in Dresden, Hamburg or Tokyo, Hiroshima or London between 1939-1945 had golden years. Or Madrid. Not to mention some other countries i

Yes, particularly housing in Dresden, Hamburg or Tokyo, Hiroshima or London between 1939-1945 had golden years. Or Madrid. Not to mention some other countries in Europe and Asia where real-estate assets had been not just annihilated but also confiscated under communism. The imputed rents show survival bias same as stock returns.