The link with inflation and owning house is a bit trickier to analyse.
If you only own one house - then inflation increasing the value of your house is a bit irrelevent. Since you still need somewhere to live - so it is only an increase in 'paper wealth'. And can only be realised if you sell up and move to a different country. Or if you die and the house is sold to pass on money to your kids.
In recent years - people borrowed money against the increased value of their homes. Which gave them the illusion of untapping the increased wealth generated by rising house prices. But it was a fiddle really.
So - for those who own their home outright. You are not really part of the asset owning class. Since you need to own at least two homes - before you can directly benefit from increasing house prices (and inflation in general). Unless - you are planning to move abroad or are only bothered about passing along wealth to your kids.
And increasing house prices will only really benefit your kids if they already own their own home. Since you home - becomes in effect their 'second' home.
If you only own one house - then inflation increasing the value of your house is a bit irrelevent. Since you still need somewhere to live - so it is only an increase in 'paper wealth'. And can only be realised if you sell up and move to a different country. Or if you die and the house is sold to pass on money to your kids.
In recent years - people borrowed money against the increased value of their homes. Which gave them the illusion of untapping the increased wealth generated by rising house prices. But it was a fiddle really.
So - for those who own their home outright. You are not really part of the asset owning class. Since you need to own at least two homes - before you can directly benefit from increasing house prices (and inflation in general). Unless - you are planning to move abroad or are only bothered about passing along wealth to your kids.
And increasing house prices will only really benefit your kids if they already own their own home. Since you home - becomes in effect their 'second' home.