To infinity & beyond.  That sales flier was from 2007-2008, but before the 2008 crash.  The old man said lions had to concentrate all their wealth on buying a house the week before.  For an average investor, it would have paid off.  An average investor would not make as much in stonks.  Converting the gains to cash was not possible though. 

Houses are still an error band within 10x annual income.  When they jumped from 4x to 10x was 2000-2006.  They might have stayed 4x longer in the midwest, but eventually the entire country caught up with Calif*.  

The government has held the 10x line ever since.  What enabled the jump?  It might have been a change in the way inflation was calculated that lowered all historic inflation figures by half.  Lions weren't sure it was truly enacted, but they started calculating it based on substitutions.

It might have been the plummeting of manufacturing prices which allowed a massive inflation of houses to not compromise the average inflation rate.



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