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Forum » Reminder: House values have NOT a increased…
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Thread: Reminder: House values have NOT a increased…

post 1654214863 01-12-2022, 03:27 PM
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Reminder: House values have NOT a increased…

…it’s just the value of your money has reduced

If you have to hand over more of your dollars for the exact same house then all that’s happened is that the purchasing power of your money has reduced.

Good news if you had debts though, the nominal value of the debt is the same but in real terms it has been significantly reduced.

Spoiler!
There has been very little in the way of productivity improvements, the overall quality of the housing stock has not improved, fundamental shifts in long-term underlying supply or demand, to justify any change to fundamentals. Even the desire for larger homes as a result of WFH doesn’t justify 30-50% price jumps.
post 1654215553 01-12-2022, 03:42 PM
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Are we talking USD or AUS currency?
Losers let it happen, winners make it happen.

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post 1654215813 01-12-2022, 03:47 PM
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House values have increased though, so.
post 1654215973 01-12-2022, 03:51 PM
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hmm yeah i remember back in 2000 for $100 you could get a whole shopping trolley full of stuff at whoolies, now you need at least 300 for the same.

A $150k apartment now costs like 500k so yeah i think the value of housing has increased, it isn't just inflation.
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post 1654217323 01-12-2022, 04:13 PM
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Originally Posted By WiseOldApe⏩
hmm yeah i remember back in 2000 for $100 you could get a whole shopping trolley full of stuff at whoolies, now you need at least 300 for the same.

A $150k apartment now costs like 500k so yeah i think the value of housing has increased, it isn't just inflation.
The housing stock is just a product - an output of capital and labour - like any other.

The fact that central banks tend to not fully recognise house prices in official inflation figures or “underlying” inflation just shows you how rigged the system is
Originally Posted By Prolapse916⏩
Are we talking USD or AUS currency?
Real money I.e. pounds sterling

No colonial pesos
post 1654217673 01-12-2022, 04:18 PM
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Imagine how many idiots will think their 5% raise this year was a win.
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post 1654217913 01-12-2022, 04:21 PM
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Originally Posted By r32gojirra⏩
Good news if you had debts though, the nominal value of the debt is the same but in real terms it has been significantly reduced.
If only the baseline wages had increased with inflation, that would work out.

Wages have to catch up for this system to work out. You can't sell the home and buy a cheaper one, and rents have gone up to offset inflation and increases.
445/340/545
post 1654218423 01-12-2022, 04:27 PM
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In some places they’re actually down from a few years ago, when compared relative to commodity prices, ded fkn srs that’s how you know that money has lost a shiit ton of value
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post 1654218563 01-12-2022, 04:29 PM
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Originally Posted By jeshelton⏩
If only the baseline wages had increased with inflation, that would work out.

Wages have to catch up for this system to work out.You can't sell the home and buy a cheaper one, and rents have gone up to offset inflation and increases.
True but if you owned multiple properties there has been good opportunities to take a nominal (but substantial) profit in dollar terms

If you only owned one property that you lived in you gained zero
post 1654218613 01-12-2022, 04:30 PM
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Originally Posted By Yoopwat⏩
House values have increased though, so.
nominally but not in real dollar terms, they keep printing you keep getting poorer
post 1654218653 01-12-2022, 04:31 PM
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false

but what would agents like myself know.
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post 1654218753 01-12-2022, 04:32 PM
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Originally Posted By ApeMode666⏩
nominally but not in real dollar terms, they keep printing you keep getting poorer
This guys knows

It’s a lot faster to print money (debt) than to build houses
post 1654220223 01-12-2022, 04:57 PM
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but who was both are true.
post 1654220333 01-12-2022, 04:58 PM
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Inflation is theft designed to keep people working till they die
Plant the trees in whose shade your grandchildren will play
post 1654220443 01-12-2022, 05:00 PM
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Yup

The powers that be know the consequences of stimmies and printing a lot of money

That’s their whole goal

Global depression

If they can destroy the American economy then no other country even stands a chance ded fkn srs
post 1654231223 01-12-2022, 09:10 PM
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Originally Posted By dogorman7⏩
Yup

The powers that be know the consequences of stimmies and printing a lot of money

That’s their whole goal

Global depression

If they can destroy the American economy then no other country even stands a chance ded fkn srs
Printing money doesn’t have a direct effect on the economy

The same quantity of goods and services get produced

It just increases the divide between workers and owners of capital

Basically they’re robbing wage earners and transferring wealth to asset owners
post 1654240043 01-13-2022, 03:28 AM
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Originally Posted By r32gojirra⏩
True but if you owned multiple properties there has been good opportunities to take a nominal (but substantial) profit in dollar terms

If you only owned one property that you lived in you gained zero
True, you haven't gained vs the market, but you've gained quite a bit compared to rentcels.
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