Housing can’t both be a good investment and be affordable
cityobservatory.org
Housing can’t both be a good investment and be affordable
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Re: Housing can’t both be a good investment and be affordable
#2The author understates the issue by quoting a 2.5% average annual increase in rent since 1980. Far more relevant is the 10.9% average annual increase in property price [1] over the last six years.
[1]
> Median house price September 2012: $735k
> Median house price September 2018: $1.37M
> (1.37/0.735)^(1/6) = 1.109