reflect poorly on my school.

Do you know the difference between inflation and appreciation? You don't seem to. Here is a really simple explanation for you:


You said I said it was a Utah thing? Ummm, can you read? It isn't a Utah thing. It is a nationwide thing. I am in the real estate industry and I am NOT in Utah.

For years we have seen real estate in most of the country appreciate. The inflation rate (yes they actually keep track of that) was pretty steady and close to zero (never exactly at zero as you don't want that either), but real estate was actually increasing in value.

Inflation is when the $1 you had last year is only worth 95 cent this year. No matter what you buy, it won't buy as much as it did before inflation. Has real estate been effected by inflation? Yes, but it is a very recent phenomenon in the real estate market that is more around cost of materials like wood and a shortage of laborers that have caused those positions pay to be increase.

Again, you really need to go back to econ 101 as you clearly don't understand inflation vs appreciation.