Archive for February 28th, 2006

Consequences: Rising Home Values, Land Costs, and Pension Benefits

Over the decade 1995 - 2004, the market value of residential real estate increased, on average, about 10% a year. (See: Federal Reserve Flow of Funds Table B100.) The same table shows that the replacement cost of America’s homes, rose, on average, only about 7.6% a year. If these estimates are reasonably correct, we can deduce that […]

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