JG – You and davelj are both – Piggington's Econo-Almanac

May 10, 2007 at 1:35 PM #52351

Participant

JG – You and davelj are both right.

REAL rents declined by 15% from 1989 to 1996

BUT inflation was a cumulative 27.5%* over this period.

So, nominal rents increased by ~12.5%