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Families bet that housing prices would keep rising, making a three-bedroom outside Phoenix a safe store of wealth.
Rents are tied to the rate of inflation, which is a great store of wealth for investors.
Since the earliest times, it has been seen as both a symbol of prosperity and a store of wealth.
A second trait of the single currency was that it was supposed to be a secure store of wealth.
When supposedly safe savings vehicles, such as bank deposits, look shaky and offer scant returns, gold has greater appeal as an alternative store of wealth.
"Yet not even a drop in the housing market can convince people not to use their home as a store of wealth".
The many Americans who view their houses as their most important and enduring store of wealth will be hoping fervently that Nothaft is right.
Gold, pride of Croesus and store of wealth since time immemorial, has turned out to be a very bad investment of late.
Felix Salmon considers the carnage and writes:Bitcoin is clearly not an effective store of wealth — just look at how quickly that wealth can be evaporated.
For doomsayers, gold is the only reliable store of wealth as paper and electronic currencies make their weary way to debasement.
Small wonder, then, that a home is many people's principal store of wealth, and that house prices have seen both fraud and bubble-like prices in recent years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com