warnie, they feel so smug, knowing their cash in the bank is being reduced, devalued on a daily basis.... every quarter the CPI figures come out, rather than showing a devalue in the dollar, so people could see it clearly...of at a minimum of 10% pa... it shows 3% each quarter... the cost of living rises each and every month... so while the cash sits idly in the bank, it is being devalued by the same amount housing is one asset that keeps pace with inflation...like milk and food, every one needs it... most of the average house price growth is simple the asset keeping pace with inflation... the cost of housing is on par with the cost of food and energy....so unless they have shares in a housing or food, energy company they are behind the ball... I note that poster that turns up in feb each year, predicting the 50% plus falls in housing has gone awol again... and all his followers, left to wonder ...what went wrong...again.... so who are the bad guys here
