Re:The Era of Very Low Inflation and Interest Rates May Be N...
by toasterlovin on Thursday April 26, 2018 @05:00PM
(#16935727)
> It basically reduces buying power for real estate.
But real estate is unlike a lot of other goods in that it's value is significantly driven by what other people are willing to pay, rather than what it intrinsically costs to produce. Thus, as your buying power goes down, so does everybody else's.
But real estate is unlike a lot of other goods in that it's value is significantly driven by what other people are willing to pay, rather than what it intrinsically costs to produce. Thus, as your buying power goes down, so does everybody else's.