Well if you recall, there was a year where general inflation was far above 3%. Inflation is also not uniform and can be higher in some cities than others. And this is not inflation + 3%, it is 3%.
Do you mean the year 2008 when there was too much investment in real estate? Or the year 2020 when there was a moratorium on evictions and lumber prices soared?
3% is about average inflation, why is “making constant money including adjusting for inflation” low?
Well if you recall, there was a year where general inflation was far above 3%. Inflation is also not uniform and can be higher in some cities than others. And this is not inflation + 3%, it is 3%.
Do you mean the year 2008 when there was too much investment in real estate? Or the year 2020 when there was a moratorium on evictions and lumber prices soared?