Presumably GDP growth per capita, but even then, why would that be any better than "not a cent more than inflation", or for that matter even for housing prices to decline over time (e.g. through increased automation in construction)?
Yes, of course, the cost of things decreasing (net of externalities) is good.
(Was just making the distinction between inflation and purchasing power - things can have an inflation-adjusted rise in price while still becoming cheaper with respect to purchasing power.)
It's not terrible if property values fall somewhere between inflation and GDP growth.
Presumably GDP growth per capita, but even then, why would that be any better than "not a cent more than inflation", or for that matter even for housing prices to decline over time (e.g. through increased automation in construction)?
Yes, of course, the cost of things decreasing (net of externalities) is good.
(Was just making the distinction between inflation and purchasing power - things can have an inflation-adjusted rise in price while still becoming cheaper with respect to purchasing power.)