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It won't in real terms, unless the USA establishment really have lost their minds. Output is going to be down for a significant time, that feeds into land price
by amiga_500 6y ago
It won't in real terms, unless the USA establishment really have lost their minds. Output is going to be down for a significant time, that feeds into land prices. Add in WFH from anywhere, and the next leg is down.
- rcpt 6y ago> in real terms The amount of land stays fixed while the amount of money changes. Other products can change their supply but land stays fixed. It's reasonable to believe that land will become relatively more expensive imo. Looks like it's not a guarantee though https://www.caracaschronicles.com/2018/05/03/once-the-safest-bet-against-hyperinflation-real-estate-loses-value/ https://www.caracaschronicles.com/2018/05/03/once-the-safest... fwiw I hope land prices plummet here they are already insane https://wolfstreet.com/2019/07/12/changes-in-house-prices-rents-and-household-incomes-since-1960-in-the-us-by-region-and-major-metro/ https://wolfstreet.com/2019/07/12/changes-in-house-prices-re...
- amiga_500 6y agoReal terms refers to the price vs wages.