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A comment on There is more to high house prices than constrained supply. Parent comment
So yes, less than 4%. A lot less.
>>> (925/650.0) (1.0/20)
1.0177975914387338
Note that 20 years of +1.78% per year does +42% compounded.
>>> 1.0178 20 1.4231442772353857
In real money, the rent for your place has gone down, not up, ignoring the furnishing.
(925/650.0) raised to the power (1/20) is 1.0178
1.0178 raised to the power 20 is 1.42
So yes, less than 4%. A lot less.
>>> (925/650.0) (1.0/20)
1.0177975914387338
Note that 20 years of +1.78% per year does +42% compounded.
>>> 1.0178 20 1.4231442772353857
In real money, the rent for your place has gone down, not up, ignoring the furnishing.