All of this is correct and I love the Abundance book. But also don’t forget about the dollar debasement that really started in the early 70s when Nixon completely spike the remnants of the gold standard. Take a look at new or existing home prices divided by either the M2 money supply or even divided by gold and you can clearly see that real estate is one of the stores of value that increases in price more because the dollar decreases in value by about 10% per year while, when divided by other stores of value, the trend is much flatter.
Jul 20
at
4:32 PM
Log in or sign up
Join the most interesting and insightful discussions.