Quote:
Originally Posted by Unregistered
Inflation is good for your property. With inflation, your property price can double in value over the years. So even if your food price go up, it is nothing compared to the benefits of property appreciation. Let's say your food bill doubled from $10k pa to $20k pa. This is nothing compared to your condo doubled from $1m to $2m. You can then sell your condo and downgrade to a HDB flat and enjoy the cash profits. |
That's a problematic view of inflation vs value. Inflation gives rise to nominal increase in price but it doesn't mean appreciation of value. Real gain is a function of other factors.
Property may act as a hedge against inflation.