More South Florida home buyers making cash purchases

[Raymond B.]

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More South Florida home buyers making cash purchases

Raymond

[Stephen S.]

The writers and researchers who put together this article are stupid and have no idea how people with money think. Inflation is rampant in the US - virtually everything costs more now that it did in the recent past. Things are not suddenly more valuable - it is the money to buy them that is worth less - so it takes more of it to pay for the same value. That is inflation. The only way to survive and maybe beat the losing effect of inflation is to be inside it: to own appreciating assets. Holding cash during an inflationary period makes no sense as the value of your asset (the cash) is falling. Instead, anybody who understands basic economics uses their cash to invest in appreciating assets. Like oil, timber, some land, minerals, and other natural resources. And in the case of the areas described; developed real estate. I personally don't think personal real estate is the very best thing to invest in - but it is what modestly aware people tend to choose.