Forget the dollar when you want to value a house. Use something real and concrete, like oil or gold.
Houses are immovable objects and they should be valued with respect to local incomes. More importantly, LAND is immovable and it constitutes the bulk of house’s value. If you could somehow build houses and land in China and bring them to the U.S. for cheap, your reasoning would have been solid.
They had the presses printing money 24-7, and they have “inflated” their way out of the bubble.
Popular but false sentiment. There has been very little money-printing since 2005.
countless savers are being robbed of the value of their life savings
Who’s being robbed? I’m not being robbed. Most of my money is in things like FXE. Most Americans are not being robbed, either. In 2000, 7 out of 10 American households had less than $25k of wealth, including their cars and 401k accounts. They have nothing to lose but their chains.
