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A comment on Skimpflation: A reason inflation is worse than the government says it is. Parent comment

Re:Skimpflation: A reason inflation is worse than the govern... by imtringued on Monday November 01, 2021 @05:49AM (#29064679)
They still hold a decent amount of cash as a percentage of their portfolio. 10% of a million dollar portfolio is still $100k which is more than the average joe has. He would use that money to buy a house instead of letting it sit around.

Yes, bigger down payments suck but that is mostly a zoning/housing supply issue.

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Re:Skimpflation: A reason inflation is worse than the govern... by sokoloff on Monday November 01, 2021 @07:17AM (#29065282)
I’d guess that many (perhaps most) wealthy households hold far more dollar-denominated debt in their real-estate and business interests than they do cash.
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Re:Skimpflation: A reason inflation is worse than the govern... by nradov on Monday November 01, 2021 @09:11AM (#29066237)
It's very rare for wealthy people to hold 10% of their assets in cash (or even cash equivalents). When they purchase real estate they usually take out loans secured by their other assets.
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