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I don't think this is true. Housing has basically been around 50% of total wealth for the past 50 years or so. Check out Pikettys capital in the 21st century fo
by disgruntledphd2 2y ago
I don't think this is true. Housing has basically been around 50% of total wealth for the past 50 years or so. Check out Pikettys capital in the 21st century for far more details.
- Foxhuls 2y agoWhile I can’t speak to which one of you is correct I think it’s worth pointing out that 50 years ago only pushes into 5 of the 30 years that they referred to. I can’t imagine it would’ve jumped to 50% overnight in that change but I still thought it was worth mentioning.
- bdangubic 2y agohttps://observationsandnotes.blogspot.com/2011/06/us-housing-prices-since-1900.html https://observationsandnotes.blogspot.com/2011/06/us-housing... there is a clear point at which one might start thinking about real estate as investment (and it sure looks bubbly). if you bought a house as an investments some decades ago it is not much of an investment and basically a loss inflation-adjusted, no?