Long term portfolio diversification through real estate ...
The events of 1848-1852 and 1870-1871 generate no durable inflation, only a temporary increase in interest rates and, correlatively, a fall in home prices (chart 1). The home price index in Paris grows approximately like the GDP per household in France. 1914-1965. There are still very few sales of apartments by the unit before the 1950s. ................
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