dogg4585 - 2/4/2024 18:39

Last time we had 5% risk free rates (2005ish), land was 1/4 of what it is now here. If your 15k land quadruples like it did last time (good chance it will if gov returns to zirp and brr) then we will regret not buying the land. We need to be careful thinking in terms of fiat measurement because most likely the fiat will keep devaluing vs goods/services/assets. Land in 2005 seemed expensive too and gov debt was 8 trillion. It's now 34 trillion and adding 2 trillion per year when we are not at war or 'rescuing' an economy.

In my lifetime (38yrs), land prices have tracked gov debt pretty closely