essex man
Member
- Location
- colchester
If the value of your house goes up faster than the rate of inflation, you are richerA house is still a house. The fact it might be valued in more pounds doesn’t really help anybody as everything else we buy, houses included has gone up at a similar rate. Nobody is richer. They have more cash value in hand or in assets but that cash is worth less. The assets are still as they were before the pandemic. Cash is worth less, which really hits cash savers hard, particular those saving to get on the property ladder which is being pulled up quicker then they can possibly reach it. It’s a sh!t storm economy in my view it that rewards the feckless and punishes the cautious.