They haven't lost anything, in the sense that savings appreciating slower than inflation is not losing anything, although few would suggest that this is not "lo

They haven't lost anything, in the sense that savings appreciating slower than inflation is not losing anything, although few would suggest that this is not "losing" something. What has been lost is choice and opportunity for an easily identified class people (homeowners in areas that could not sustain the demand for homes) on a relatively large scale. I, on the other hand, a renter who has most of his wealth in securities am not so much impacted: I only lost some liquidity in the few years it took for the stock market to bounce back.