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> It's well known housing pretty much follows inflation I'm curious why you claim that while providing a reference that clearly contradicts you: a reference ho
by nandemo 14y ago
> It's well known housing pretty much follows inflation
I'm curious why you claim that while providing a reference that clearly contradicts you: a reference house cost $100k in 1890, went down to under 70k in the 1920s and then up to over 200k a few years ago. Note that this is already corrected for inflation.
- usaar333 14y agoNote how trivial these changes are in the long term. 1890 to 1920 = ~1% real decrease a year. 1920 to peak in 2006: ~1% real increase a year Overall, it tends to bounce back to ~110 year over year, implying the long-term real price increase is 0.