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About Capstone - Leading International Property Recruitment Consultants Capstone was established in 2009 by experienced recruiters and industry professionals who have worked within the property and construction market since 1997. Our team recruits all types of professionals spanning the property life cycle including all real estate functions, construction & engineering and infrastructure. We recruit at all levels from recently qualified professionals through to Director level. Capstone’s success is a result of strong partnering relationships built over many years within the sector representing candidates and clients from all backgrounds. Capstone’s deep industry knowledge coupled with a drive for quality and living and breathing the industry sets us apart.

Monday, 23 June 2014

Goldman Sachs confirms: The Rent is Too Damn High


Construction industry | The Guardian

Goldman Sachs confirms: The Rent is Too Damn High

Just in case there was any doubt, your rent really is growing faster than your income

The haunted house delusion of great wealth from real estate

Goldman Sachs confirmed yesterday what we all have know long ago: the rent is too damn high.

Goldman took a look at shelter - either mortgage or rent costs- inflation that has been increasing steadily over the past few years. The inflation for "shelter" is responsible for about 40% of the Consumer Price Index, which measures changes in what the consumers are spending their money on each month. Shelter spending has been increasing by about 3%.

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