Re:How housing became the world’s biggest asset class
by the_gastropod on Wednesday January 22, 2020 @04:22PM
(#22122193)
> An actual high yield savings account right now gives around 2% nominal interest which is less than inflation.
The inflation rate in 2019 was 1.76% [1]
> The economist chart of house prices from the article certainly seems to show them outpacing inflation recently. Looking at an index since 1900 is a bit misleading since public policy changed dramatically in the 1950s-70s to constrict supply and juice demand.
Ok, then look at it from 1970... The results are even worse
The inflation rate in 2019 was 1.76% [1]
> The economist chart of house prices from the article certainly seems to show them outpacing inflation recently. Looking at an index since 1900 is a bit misleading since public policy changed dramatically in the 1950s-70s to constrict supply and juice demand.
Ok, then look at it from 1970... The results are even worse
[1] https://www.in2013dollars.com/inflation-rate-in-2019