2 ms·
Not faster than wages, as that's not sustainable over the long term, but faster than inflation as long as the same keeps happening for wages (which it has over
by mytailorisrich 4y ago
Not faster than wages, as that's not sustainable over the long term, but faster than inflation as long as the same keeps happening for wages (which it has over the last 100 years though there is no guarantee to continue). The constraint is incomes.
This is not ideological. This is simply a natural consequence of people getting richer (incomes beat inflation). Nothing in my previous comment is ideological, either. It's an observation of the economic forces at play.
- HDThoreaun 4y agoSo we agree, housing affordability and housing as an investment are incompatible. Not sure what you're arguing here?
- mytailorisrich 4y agoNo, I never claimed that. The opposite, actually... Cheers.
- HDThoreaun 4y agoHousing is increasing in value far faster than wages. That is what makes it an investment. If it increased in value at the same rate as wages it by definition wouldn't be investment.
- mytailorisrich 4y agoNo. Anything that increases in value at least with inflation is a profitable investment.