I agree wholeheartedly with your suggested approach in the last paragraph. As opposed to saying “Your home price went down” like the original poster, your approach is more proactive and positive (take advantage of the inflated prices).
Re: “how can real estate go up when the dollar goes down?”
I’ll answer with a couple multiple choice questions :
1. Suppose I have 1 oz of gold. Suppose it’s worth $500. Now assume that over time the dollar is devalued to 1/100th of its current value. What would you pay for the ounce of gold in the future devalued dollars ?
A. $50
B. $500
C. $50,000
2. Suppose that the “true” value of a house in San Diego is $200,000 in todays dollars. Now assume that over time the dollar is devalued to 1/100th of its current value. What would you pay for the house in the future devalued dollars ?
A. $200,000
B. $2,000,000
C. $20,000,000
