Ask Paula: The stock market is down - Can I still retire?
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Why Renting Is Not Throwing Money Away
Paula: Cash is the most risky place to be with long term money. In cash you will very safely lose purchasing power, guaranteed. And if you leave it here for ten years, it's guaranteed to lose purchasing powr. You are guaranteed to lose your ability to buy bread. So that's what i meant when i said i was going to question the framework. All right, you have questioned the framework, and we've concluded that if inflation continues as it has, your screwed. And buying a house not a bad goal.
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