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Seattle Bubble Forum Archive • View topic - Get Rich by Renting!

Get Rich by Renting!

Myth propagated by bitter ignorant renters, or statistical reality ignored by real estate professionals?

Moderators: synthetik, The Tim, Lake Hills Renter

Get Rich by Renting!

Postby synthetik » Wed May 02, 2007 11:58 am

synthetik
Bubble Bloviator
 
Posts: 216
Joined: Sun Feb 18, 2007 9:39 pm
Location: Happy Renting in Capitol Hill

Postby small_far_ugly » Wed May 02, 2007 8:06 pm

That actually doesn't surprise me at all, but it's interesting to see it laid out like that. Just put logic to it: If housing consistently shot up greater than the inflation rate, like the bulls say it does, then we'd have reached unaffordability a loooong time ago. Inflation compounds just like any other interest based annuity, and it would've quickly reached a point where virtually everyone was PRICED OUT FOREVER.
small_far_ugly
Bubble Watcher
 
Posts: 30
Joined: Mon Apr 23, 2007 9:41 am


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