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02/07/17

16:36

Post #: 25615701
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Originally posted by ecsc ↑

Then, hyperinflation sets in (because more people cash out and have more cash on hand), and $800,000 then becomes $80,000 equivalent now. Retirement village will charge more due to hyperinflation expected to continue. Expected Easy life gone in this case.

The similar thing has happened to hard-working and saving people with term deposits in banks during the past 20 years. Due to the hyped real estate prices, many of them still struggle to buy a decent home with their deposits over the years. Those who are counting on selling their property to fund their retirement will be hit hard similarly when high inflation happens. Nobody will be winner forever. Just my opinion.

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Smart people own properties & gold bullions.
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