Paul Meisel

Is the Normalization of Housing Prices a Realistic Expectation?

It is difficult to be very precise in calculation of what payments people can afford, given shifts in wage collectors vs. self-employed, increases in the number of the folks well-to-do-enough to afford two homes, and other changes in the economy over the last 30 year. But...

Is there any reason we should expect housing to increase over the long term by substantial margins above the GDP increase? The tax benefit of own-vs.-rent is old news and should be baked into behaviors.... the baby boomers have been in home-ownership brackets for years..... why should we expect more of society's resources, on a percentage basis, to go into housing year after year?