[quote=4plexowner]”if prices appreciate by 4% annually”
is it really price appreciating or is it just the debasement of the currency in which the item is priced?
I suspect we will never see real estate reach the nominal prices (real purchasing power) that were reached in 2006
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Regarding issue 1, take your pick. I’m talking about nominal pricing. Gotta be some debasement in there.
Regarding your last statement, I think you mean to say that “we will never see real estate reach the REAL prices that were reached in 2006.” “Nominal” doesn’t adjust for inflation. If we have high inflation we may see those 2006 nominal prices again sooner than we think. Unfortunately. And depending how old one is, you may be right regarding not seeing those real prices again in our lifetimes.
