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I just want to jump back to an older post, and ask is debt erosion cost effective? Assuming inflation runs at the current rate (approximately 3.4%?) for the next decade then the buying power of one dollar now will be 70 cents in 2020. So the real debt has been reduced by 30%. If mortgage...

I just want to throw in a few thoughts to this discussion. The first is that house prices are at historically high levels on virtually any metric. When people say that they cannot foresee them falling then I get nervous because punters are ignoring downside risks, and possibly even showing a...