Our economy is in a period of inflation, which can be viewed as either good or bad, but one thing is for sure, homeownership is the ultimate hedge against inflation. An inflation hedge is essentially any investment that protects the decreased purchasing power of a currency that results from the loss of its value due to rising prices from inflation.
"Real estate values and rents not only tend to keep pace with inflation, but actually drive inflation itself. Because real estate is, well, real. It's a physical asset with intrinsic value. Regardless of the currency, people need and want it, and adjust their offers to buy or rent it as needed to secure it. That makes it one of the most reliable hedges against inflation." - G. Brian Davis, SparkRental.com
Historically, home appreciation has outpaced inflation pretty well...but over the past 2 years, homeownership has proven to be the ULTIMATE HEDGE!
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