Suppose you could rent your house for $2,000 a month, the home-price-to-rent-ratio here in PDX might be around 17. The chart shows that in places like Sweden, the UK, France, and Canada, for example, sport ratios up to 90 times the home price. With all the money sloshing around the world and China buying real estate in the U.S, could our ratio in PDX double? That could mean at least a double in the price of our homes. That is the effect of inflation!
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