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149 sats \ 2 replies \ @Undisciplined OP 26 May \ parent \ on: Personal Finance: The Cautionary Tale of My Mother-in-Law econ
We're trying to figure out if there's some way to sufficiently scale down our expenses to basically do that now. Probably not, but we bought a bigger home than we need before interest rates started rising and before prices finished rising, so we have some excess equity to throw at a project like that if we move.
House inflation might derail my plans as well but in the next 5-10 years hopefully I have that figured out completely
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House price inflation relative to fiat is a thing of the past.
The price of money declined more or less steadily from the late 1980s until after Covid.
Now it cannot decline further and is likely to rise or stay around where it is for the foreseeable.
House price increases are thus not likely in the future...more probable - a gradual decline.
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