Re:Two Worlds: So Much Prosperity, So Much Skepticism
by julienb_sea on Tuesday January 12, 2021 @06:07AM
(#25745237)
> so in real terms dollars are exponentially loosing value
Your premise does not justify this point. The "real value" of a home has very little to do with its building material but with the actual demand of the home, i.e. what people are willing to pay to live in this actual home in this actual location. The increasing purchasing power has increased what prices the market is willing to pay in aggregate. This is literal wealth creation for property owners or developers, and has absolutely zero devaluing impact on the dollar.
Your premise does not justify this point. The "real value" of a home has very little to do with its building material but with the actual demand of the home, i.e. what people are willing to pay to live in this actual home in this actual location. The increasing purchasing power has increased what prices the market is willing to pay in aggregate. This is literal wealth creation for property owners or developers, and has absolutely zero devaluing impact on the dollar.