3 ms·
>property prices double every 10 years or so Prices yes, value? no. Try measuring a property value in quantity of gold or oil barrels (or a highly traditional
by sebastianconcpt 12y ago
>property prices double every 10 years or so
Prices yes, value? no. Try measuring a property value in quantity of gold or oil barrels (or a highly traditional commodity mix) and see an almost flat valuation for most properties.
It's inflation magic baby!
AKA, Governments playing tricks with your currency.
- turnip1979 12y agoInteresting point. When I used to make 50K a year, nice houses used to cost 300K. Today, I make x2.5 that amount and houses cost x2.5 that. Definitely not going to be able to afford a nice house in my area :'(