But when you factor housing appreciation against inflation, you're eating a negative real return. Now why would I make that prediction? There's two reasons. One, Covid and zero interest rates shut housing through the roof. During the great housing bubble that started in kind of 04, you jumped up 20%, you took a pause, you jumped up another 20%. So it was accumulated increase of 41%. (40:45–40:49)
CLAIM
Asserts that COVID-19 and zero interest rates caused a significant increase in housing prices.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
