For consumers, inflation means higher prices on goods and services, and the risk of a loss of purchasing power. Tesla CEO Elon Musk posted in a thread on Twitter in March advising followers to own “physical things” when inflation is high. In the tweet, Musk said “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high.” So should you buy a house in 2022?
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