leonwankum on Nostr: Real estate's high valuation reflects the debasement of fiat currency. CAGR M2 since ...

Real estate's high valuation reflects the debasement of fiat currency.

CAGR M2 since 1971: 6.8%
CAGR Housing since 1971: 5.7%
CAGR Commercial RE since 1971: 4.4%

Anyone who denies a correlation between the nominal value of real estate and the devaluation of fiat value is denying reality.

But I guess most people like to do that ... :)