Australia's largest stock trading and investment forum Australia's #1 stock forum

1 in 3 Under the Pump !, page-22

First 22 Last

Share
Profile

Follow
Forged

12,622 Posts.

137

02/07/17

16:36

Post #: 25615701
Share

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.

Expand

Smart people own properties & gold bullions.
1 Upvote

Reply

Top Stories

BRX

Belararox delineates another porphyry in Argentina at Tambo South

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

Your questions From the Floor: Investment experts respond...

GYG

Guzman Y Gomez shot up nearly 40% in first hour of trades. Can it last?

TM1

Shares up 196% on Terra's news of major reef discovery at Dante

There are more pages in this discussion • 222 more messages in this thread...

First 22 Last

SPONSORED BY