Re:San Francisco braces for commercial real estate crash
by JumpCrisscross on Tuesday September 06, 2022 @03:15PM
(#32741868)
> Real "house price" for a given house should actually go down over time, because it gets older
House, as in structure, yes. Home, as in structure + land, probably not. Real wages are higher today than they were in the 80s [1]. One would expect some of that to filter into land value.
House, as in structure, yes. Home, as in structure + land, probably not. Real wages are higher today than they were in the 80s [1]. One would expect some of that to filter into land value.
[1] https://fred.stlouisfed.org/series/LES1252881600Q