Cyclical growth with drift
It is common for cycles to occur with an upward drift. This is not peculiar to real estate. Rather, it characterizes the long run for a capitalistic economy with a positive interest rate.
Still too uniform ?
It is common for cycles to occur with an upward drift. This is not peculiar to real estate. Rather, it characterizes the long run for a capitalistic economy with a positive interest rate.
Still too uniform ?