Alex - perhaps yes. I still think its a pretty rubbish non-liquid asset with poor returns, but, rents haven't fallen much and I think 'the plan' is to let inflation burn peoples debt burdens down to a more manageable size. Your cash is going to shrink and tangible assets will appreciate or maintain their real value.
See, I'm almost bullish on house prices
It seems that the ultimate priority is not to do a Japan. After fighting the inflation monster since coming off the gold standard we're throwing open the gates and beckoning him in. Not a good era to be on a low fixed income like many pensioners..
WWW