I’m being really thick here, but I’m not clear on what figure is dividing into what, and therefore what the trend is supposed to be saying. My guess is that it is saying home values have increased significantly over the years compared to rentals, or to look at it another way, ROI’s have gradually declined. But here’s me being really thick again, but putting aside asset appreciation doesn’t that mean RE as an income investment would have become rather unattractive?
