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> If you've a house worth 200k and its value goes up 5%, then a year later you are 5% wealthier. Not if everything else you might want and/or need to buy went
by vntok 5y ago
> If you've a house worth 200k and its value goes up 5%, then a year later you are 5% wealthier.
Not if everything else you might want and/or need to buy went up by 15%.
- missedthecue 5y agoIn that case, asset prices didn't 'inflate' anyway, therefore parents point still holds true.