3min chapter

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Housing Bubble Week: Lessons From Amsterdam's 'Gentlemen's Canal' - Piet Eichholtz

The Joe Walker Podcast

CHAPTER

The Difference Between Nominal Prices and Real Prices

Nominal prices are the prices as you see them in the newspaper. But if you want to really make a good long-term comparison of these prices, then it's better to take inflation out. So over the whole period that we looked at, the house price increase in real terms was just 0.2%, and house prices just doubled over these almost four centuries.

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