Now they're off about 8% over the last couple years. But they're still way outside the historical tracking of inflation. If you look at the value of housing it has always tracked the rate of inflation through our country's history. But there's another reason, an equally big reason. Because one thing you'll learn when you deal with economics, demographics are a huge, huge driver of economics. And what is the second reason? (41:38–41:46)
CLAIM
Asserts that historically, housing values have tracked the rate of inflation.
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