It's the only asset that directly reflects inflation. I've made half a million of hot air money that way.
Even wages inflation are kept artificially low, based on curtaiiled and massaged 'inflation' numbers, that usually say something like 2%, when inflation, in the USA has run at an average of 7%, if you calculate an average since 1914.
That is roughly an average of a 3X underestimation, that remains subjective and prone to fluctuation.
UM?
It's the only asset that directly reflects inflation. I've made half a million of hot air money that way.
Even wages inflation are kept artificially low, based on curtaiiled and massaged 'inflation' numbers, that usually say something like 2%, when inflation, in the USA has run at an average of 7%, if you calculate an average since 1914.
That is roughly an average of a 3X underestimation, that remains subjective and prone to fluctuation.
https://tradingeconomics.com/united-states/inflation-cpi
Current stats claim 8.3%, So I expect it is about 25%.
Even in a bear market, a house functions a roof over someone's head.