Not sure if this has been discussed before, but as someone who was too young to care in the last recession in the early 90's, I am interested in what house prices where doing.
I was reading an article recently suggesting that in a high inflation environment hard assets ie: commodities are better to purchase rather than leaving money in cash. I assumed (although the article did not mention) housing to be a hard asset.
But what about house prices? When inflation was high and interests rates high back in the 90's, what were house prices doing? Were they rising at the rate of inflation, stagnating or dropping in price?
