Hi c74 ,
You could well look at depreciation but would you include that for all businesses as well ?
The largest part of depreciation would be for properties new or under five years old . The depreciation value drops off pretty quickly from there . It would be interesting to see the total numbers .
Here's an interesting article I found .
Twice as many people rent now as compared to 1981. The alltime peak was 1947 at 44%.
http://news.domain.com.au/domain/real-estate-news/with-more-people-renting-than-30-years-ago-change-is-needed-to-protect-tenants-rights-20131012-2vf3x.html
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