| Over the very, very long-term property prices don't beat inflation – and yet the return homeowners get still wallops rising prices. Here's how. All things being equal, there is no reason for house prices to rise faster than inflation over the very long run.
Looking at data collated by respected Yale economist Robert Schiller for his book, Irrational Exuberance, plus more data since then, we can see that US house prices from 1890 to 2011 rose on average just 0.14% more per year than inflation..............................................Full Article: Source |