I have a problem picturing it graphically. House price (inflation) = Constant x Square of inflation?
Here is a thread on Stack Exchange:
That’s national trend. But you may find the picture of Cupertino or San Francisco prices going up more convincing.
Theoretically house prices should trend at least with inflation.
But we were not even talking about house prices. I think we were talking about interests rate, and why I think we may see much higher rate in the next 10 years. So it’s a good time to load up on fixed rate mortgage debt at 4%.