Originally Posted by
jtdc
You got that one wrong! Your advice was to sell my house and move into an apartment. My mom sold the house and BOUGHT an apartment, or 8.
Maybe you should get some reading glasses!
Just the opposite. The profit she made was building the apartments and renting them out for money, not sitting on a bank account, stock certificates, or property waiting for inflation to make her "rich". It was the hard work in building the apartments and maintaining them for the rent money that made the property far more valuable than the predominantly vacant land she bought.
Only in specific areas. But for the overall economy, it has been bad! That's why we have a 22 trillion dollar national debt burdening our economy. The interest on that debt eats up about 1/3 of our tax revenue just to make rich bankers richer. If we didn't have that debt, we could do 50% more for the people of our country with the same tax revenue. Or we could blow it helping the rest of the impoverished world. :mad:
But the bottom line is INFLATION IS BAD!:sad: