given the deliberate (and perhaps also unintended) massive inflation (debasement of the currency), measuring valuations in constant dollar units is highly deceptive
we must adjust the nominal dollar unit for its (considerable) drop in actual purchasing power, before comparing two “dollar” figures measured at different times, years
just saying that the fact one’s house many have increased in (nominal) dollar value does not mean s/he is any richer in real terms.
and getting a 2 percent pay raise in times of 12 or 15% inflation (currency debasement) does NOT mean one is 2 percent ahead. Rather, it means he is 11 or 13 percent THE LOSER
Respectfully,
Obviously, but thanks.
The only thing that matters during inflation is to beat it by investing in things that rise faster than inflation.
There are such things and they are never hard to find. What worked in the 70’s-80’s is still working now. By 2024 the FED will be worrying about deflation again.