Re:Two Worlds: So Much Prosperity, So Much Skepticism
by flower-giraffe on Tuesday January 12, 2021 @01:13AM
(#25743033)
> In other words, real estate is a great way to preserve wealth.
I don’t disagree, and I concede the increase in home prices is not exponential but it is certainly a long way from tracking the 2% inflation rate.
The point I’m making is that the ever increasing cost of housing as a percentage of disposable income means that in real terms most people are getting poorer.
I don’t disagree, and I concede the increase in home prices is not exponential but it is certainly a long way from tracking the 2% inflation rate.
The point I’m making is that the ever increasing cost of housing as a percentage of disposable income means that in real terms most people are getting poorer.