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by _yb2s
732 days ago
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Fair point, in that sense it seems like some fairly fixed step-ups are possible where people culturally decide to spend more of their income on housing, but it cannot be a steady trend to profit from as an investor, because it will always have a hard cap at 100% of household income. It can't steadily beat inflation over long time scales. |
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Of course it can. That’s what productivity means. The value could keep going up even amidst the fraction of incomes being spent on it going down.