TPP528: What’s really happening to property prices?
The Property Podcast
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The Magic of Property Investment
Inflation is always eroding your debt. We've had 25% inflation over the last three years. That means if you took out a mortgage three years ago, in real terms, the value of that debt has shrunk by 25%. Even if you've never paid off a penny of it, and whatever property prices are doing, that's always happening. The only time it doesn't happen is when we have deflation. And because the government absolutely hates deflation, at that point they throwabsolutely everything at it to make sure that it doesn't last for long. If you understand the rules of the game, then you can take advantage of the game. Unfortunately, most people don't understand the rules
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