Inflation is running 5%-6% where I live. The “official” inflation #’s are pretty bogus...they exclude plenty of items Americans buy every week. Better #’s here:
http://www.shadowstats.com/alternate_data/inflation-charts
So they are stealing more like 5% from you (less the measly interest on your savings of 1.8% or so). Forces people into equities, making for a nice big bubble. The re-fi bubble is coming back too...plenty of radio spots for “Do a cash-out re-fi now!!”
I agree, it’s coming. I have heard ads for Liar Loans for 2 years now on the radio.
I bought my last house for about 20 cents on the dollar after the banking system engineered crash and will buy another the next crash.