Collapse Life just posted an article on house hunting that anyone who’s in that market will relate to. Basically, this is what inflation does to our idea of an acceptable home — and to our understanding of basic terms like “luxury,” “cozy,” and “affordable.”
Housing Shrinkflation
Commerce of any kind involves favorable spin, of course. And real estate has always been a prime example of the near-perversion of common words.
But now it’s worse than ever, as depreciating currencies push the price of life’s necessities — including the family home — beyond the reach of more and more people, forcing buyers to settle for situations their parents would never have considered.
Think of it as housing’s version of “shrinkflation”.
And note that when priced in gold, house prices have been stable during the current bubble. That’s how sound money keeps everyone honest.
