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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (180451)1/29/2009 11:23:19 AM
From: ChanceIsRead Replies (5) | Respond to of 306849
 
>>>inflation, on the whole, tends to transfer real wealth from older to younger generations.<<<

????????

If you have assets, then you tend to be insulated from inflation. If your asset is your future labor (young people out of college with debt) then you are always chasing higher asset prices with what may be a salary which doesn't keep up.

Old people tend to have lots of assets. Perhaps not so much since the market crashed.



To: Tommaso who wrote (180451)1/29/2009 12:41:39 PM
From: bentwayRespond to of 306849
 
I don't know about that. I was an up and coming young person during stagflation. I felt as hopeless as any older person. I kept getting promoted with raises, but it never improved my position. The objects of my desire were always the same distance away or more.


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