Home prices outpacing inflation

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@Christopher Krogmeier Some of this comes back to basic market principles.  If there is high demand, and limited supply, prices will go up.  If there is over-supply, prices go down.  That's different than just inflation.

Appreciation is the inflation of value on something in relation to another similar good.

Housing prices are going up compared to the price of lumber and concrete.  Or this land in this suburb was selling as farmland 5 years ago for $4,000 an acre, now it's selling for $25k an acre.

Inflation is a general increase of the cost of prices or goods.

Candybar used to cost $0.35.  Now it cost $1.25.

Acre of farmland in middle of nowhere was $800 an acre, and now it's $2,000 an acre.