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sc ks | ...the land is the real money. It is maintaining its purchasing power against the fiat currency. Coup says rent should cover money cost (guessing he means vs a 10yr T bill opportunity) plus RE taxes. I think rent is doing exactly that in REAL terms. Take your 4% minus 3% inflation plus RE tax and it's pretty dang exactly where it should be here.
The land isn't subsidizing anything. Its going up in value as the dollars go down in value. Rents and land will go down when the .gov quits printing $$ and handing it out to us, the Boomers via unfunded liabilities (SS, Medicare), the War Machine, and everybody else that lives in a country whose gov spends more than it collects.. And its not the "taxpayers" that are doing the subsidizing. Its our kids and grandkids that are doing it via deficits that will never get paid back in real terms and will have much lower standards of living. The taxpayers would only carry the burden if our gov ran a balanced budget.
Start pricing items in ounces or acres and stuff is the same price as always. | |
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The land price is correct because...
