I agree JWM with regards to asset inflation, epecially housing, but why can’t the question and answer be more nuanced? Most people I meet don’t look at it in “black and white”. Inflation could mitigate a bad but survivable purchase of an overpriced house.Ask anyone who had to ride out the last trough. I am not talking about extreme stupid and over-leveraged purchases. In fact it is to be expected that inflation will mitigate debt sooner or later,not guaranteed. I just don’t see why the possibility has to be completely off the table. It become a more important factor as prices come down. Especially for those who are taking heat from a spouse to buy yesterday.If I were going to somehow rationalize buying before some absolute bottom I think the inflation argument is valid. Same for moderately encumbering already held properties, at todays rates of interest, and investing as Surveyor is doing.
