That is the experience with most of us who have been around for a while. Over the years not only have houses risen in price substantially, in real terms really hard to say, but the debt has declined in value. None of the published inflation figures are trustworthy either - point being inflation has a habit of looking after those who own assets that are not overly geared relative to their earning capacity through good and bad times.
Cash can be dangerous , Zimbabwe and Argentina are good examples , and the world money men are creating an environment that is ominously inflation friendly wherein in an instant all affordability indexes can be made to look silly thanks to the eroding value of currencies.
Property remains a tangible asset through it all. There are other alternatives but few have it's benefits through good and bad times.
