Please, please, please replace the word “are” with “have been.” Future returns (in the long run) will be driven by valuation, cash flows, and the discount rate. I highly doubt that either asset will do as well going forward, especially housing.https://twitter.com/kimmaicutler/status/948252174609510400 …
Mortgage interest deduction being capped to 750K instead of 1M
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I think that matters, but only on the margins. The main point is that rent is already too large a share of income in high price markets, so it can’t keep growing faster than GDP much longer without something breaking.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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