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Thanks for your explanation. I have another point. Where does newly created money (inflation) end up? The most obvious is real estate, by giving out mortgages. Another obvious one is the (government) bond market, with government bidding up prices through spending. But what about corporate or business...
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I foolishly bought a duplex at the height of the bubble about 5 years ago. it obviously has fallen in market value since my purchase. it is valued well below what i owe on it. fortunately, I have had little trouble renting out the upper unit while I occupied the lower. that have covered more than half...