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I recall talking to a real estate guy as a recent high school graduate 25 years ago. He claimed real estate rates will stay above 7-10%. I countered that long t
by sethammons 1y ago
I recall talking to a real estate guy as a recent high school graduate 25 years ago. He claimed real estate rates will stay above 7-10%. I countered that long term, real estate needs to remain tied to inflation or else all buyers will be priced out.
He is doing very well.
- Eddy_Viscosity2 1y agoLooks like you can both be right.
- lazide 1y agoClassic ‘the market can be irrational longer than you can be solvent’ situation if I ever saw one.
- npc_anon 1y agoIn a situation of supply scarcity all the market needs to do to function is to sell this limited supply. And this does not require the median citizen to be able to afford this supply. Thus the market isn't even irrational.
- Eddy_Viscosity2 1y agoAll those tax cuts to the super rich have to go somewhere. Buying up property is one of them.
- Ekaros 1y agoMore so you need to generate the money that goes into stocks and other assets from somewhere. This seem to be done either by government debt or by debt against increasing home values...
- bluGill 1y agoInterest rates, or appreciation rates? They are different and I'm not sure which either of you are talking about.
- sethammons 1y agoTalking about investment returns.