TBH, if your income hasn’t change in 10 years you’re doing something wrong
The median American rent payment rose 61% in real terms between 1960 and 2016 while the median renter’s income grew by 5%https://econ.st/2NANneC
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Is the photo of Amsterdam meant to invoke the tulip craze?
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Thanks, I was trying to make a connection between the article and the photo.
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Another reason to ban AirBnB and knock-offs.
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Tax away ground rents.
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Which means rent should go down in CPI but it would affect the asset price, which the Fed has pumped up to boost investment and jobs. Bad situation here.
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More generally, we overly on household debt to fuel economic growth. And that includes household debt to buy real estate. And something like 86% of all bank loans are made to buy houses
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Thats why there are so many homeless .
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Capitalism
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