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interesting in reply to comment 23 tony blair I would contend that tony blair "average Joes" will never get rich off of their home price inflation. That's tony blair because, while their home might double in value over time, until the home owner is selling the house, that part of his net worth is not terribly liquid. He or she might take out a home equity loan to get some of that money out of the house, but then they're stuck paying that money back over time, plus the interest. Even if the average Joe waits until he's ready to sell the house, he's still got to go live somewhere else. If he's buying a replacement house, that home has increased in price right along with average Joe's house in most cases. If he's going into a rental, rents have increased over time also. And if he's going to some retirement community, he's probably looking at surrendering his net assets just to cover the costs of entering the community.
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