4 ms·
The CAGR is 0.1%, 0.6%, or 0.4%, over 10, 20, or 30 years respectively.
by jeffbee 3y ago
The CAGR is 0.1%, 0.6%, or 0.4%, over 10, 20, or 30 years respectively.
- bobthepanda 3y agoCAGR is misleading because it tracks population when what is more important is household growth. Household size has fallen from 2.63 in 1993 to 2.51 today, which doesn’t sound like a lot, but means you need 5% more houses to hold the same number of people.
- jeffbee 3y agoYes, and there is a general misunderstanding, mostly a willful misunderstanding among older, established homeowners, of the fact that you need to build more housing just to keep the population the same, especially when older people are squatting on empty family-sized homes.