Yep, my aunt takes this line: how hard it was to pay the mortgage... ... On a fully detached three bed in outer London.
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They now own a small property empire, retired in their late 50s and spend half the year travelling.
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The home price / income ratios were also better back thenpic.twitter.com/02Ny5GHCC9
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I think this is key
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Also, at least in CA, high interest rates -> lower upfront valuation -> lower Prop 13 tax base locked in
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Do you think we are to critical mass yet where ending prop 13 on a statewide ballot would pass?
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Noah isn't disputing it.
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