[imtringued]

>However, the gold standard ensures that the dollar you earn today maintains purchasing power for as long as you care to keep it

That's basically a concession to the old at the expense of the young. We basically have the gold standard in housing and it's not good.

[slowhand09]

Housing wouldn't cost a million$ if not for inflation. There has always been demand, and people always found ways to meet it. But with inflation, especially high rates, your mortgage was paid back with dollars worth less than when the house was first purchased or built.

How is this a concession to the old? Why is it that someone worked for 30 yrs to pay off their mortgage shouldn't get the same treatment, mainly "appreciation" due to inflation that everything else gets?

Honest question - is this the same argument we hear about "forgiving" student loans, meaning having people who didn't sign up for them, agree to them, utilize them, or even go to college, pay of the debts of those who did?