It’s weird that the US has such a low price to income ratio and thus such a high rental yield. In an efficient market, real estate investors should flock to countries with high rental yields, buying up housing until rental yields equalize. Why hasn’t this happened yet?
It’s weird that the US has such a low price to income ratio and thus such a high rental yield. In an efficient market, real estate investors should flock to countries with high rental yields, buying up housing until rental yields equalize. Why hasn’t this happened yet?