Housing has "returned" by means of the invasion of private equity and hedge fund managed, all-cash, purchases. The result has been not only a pricing out of the middle class, but the creation of a rent bubble and landlord disaster, creating even more of the disenfranchised.
Equally bizarre is the obvious rise in real inflation. Estimates of 6-7% annually are likely conservative.
CPI is a total disaster outside of ivory towers. The unevenness of asset price inflation is not lost on those who eat, use energy, or borrow for education. Health care is about to be another eye opener for those who have not had the need to know the real cost behind the broken system.
- Source, Silver Coin Investor: