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UniverseHacker
on June 11, 2024
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The Rate of Return on Everything, 1870–2015 (2019)
I'm talking about in proportion to income... for example, if people spend 30% of household income on housing, you cannot have an order of magnitude increase in housing prices over any time scale as it will always have a hard cap at 100%.
bluGill
on June 11, 2024
[–]
Inflation is a factor as well.
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