Re:Happy 400th birthday to the world's oldest bond
by kristianp on Monday December 23, 2024 @05:03PM
(#42497975)
It kind of happened to boomers, but it's wrong in a number of ways.
1. Interest rates were in the teens when they bought their houses. However they may have only paid $50k for a house in the 80s.
2. Most only bought their own house and didn't have many other investments. My parents for example had an investment property in the 90s, but were an exception.
3. House values have gone up because building regulations and zoning have become so onerous that supply hasn't kept up with demand. I believe this will continue and house prices will continue to beat inflation in many jurisdictions.
1. Interest rates were in the teens when they bought their houses. However they may have only paid $50k for a house in the 80s.
2. Most only bought their own house and didn't have many other investments. My parents for example had an investment property in the 90s, but were an exception.
3. House values have gone up because building regulations and zoning have become so onerous that supply hasn't kept up with demand. I believe this will continue and house prices will continue to beat inflation in many jurisdictions.