股市回报率应为4%
人们在财务计算中往往假设各种不切实际的股市回报率，如6%、10%甚至16%等常见搜索结果。但这些数字基于特定假设，对多数人并不适用。实际上，标普500的年化历史回报率经通胀、波动性调整，再扣除持有成本、交易费用和税费后，合理的净复合年增长率仅为2–6%，建议以4%作为计算基准。
相关报道
Build-to-rent housing—single-family homes constructed specifically for rental purposes—has seen a rapid increase in popularity, marking a major shift in the housing market in recent years.
Build-to-rent (BTR) housing, where developers construct single-family rental communities instead of selling homes, has grown rapidly in the U.S. over the past decade. These professionally managed, amenity-rich neighborhoods appeal to families and professionals unable to buy homes. Critics, however, warn BTR may worsen affordability by reducing for-sale housing supply.
Soaring rents in New York City have led some residents to seek affordable housing by living in convents alongside nuns, a growing trend driven by the city's high cost of living.
The article argues that fixed-rate mortgages function similarly to rent control for homeowners, insulating them from interest rate increases while shifting risk to lenders and future buyers. It contends this system distorts housing markets and creates inequities between existing homeowners and newcomers.
Build-to-rent housing—single-family homes built for rental rather than sale—is rising as institutional investors enter the market. Economic and demographic factors are driving this shift away from traditional homeownership.