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Are you figures in real terms or nominal terms? If nominal, then sentences like "where once you could build a house for $80k, now anything less than $150-200k i
by stevoski 16y ago
Are you figures in real terms or nominal terms? If nominal, then sentences like "where once you could build a house for $80k, now anything less than $150-200k is unrealistic" are unsuitable for building an argument upon.
- nostrademons 16y agoA lot of his point was that there's a difference between real and nominal terms. He was saying real estate is a hedge against inflation; in that context, saying that "the $80K house 10 years ago now costs $150-200K" is perfectly relevant.