That's hardly a benefit for most, seeing as how they (most likely)
(1) actually need their home for living in it, so it doesn't make much difference how highly its priced
(2) have the interest rates for their debt bound to the inflation in one way or the other
> Ask a Japanese person about how deflation is bad for the economy
I was talking about damping inflation. I doubt deflation is a serious issue "in the West", given our culture of spending.
Also, as devastating as the real-world effects may have been in the past, all deflation means is that
(1) we need to find more worthwile activities to invest our efforts in. Imho this would be a much needed reality check in some sectors .. but like I said, I doubt it'll be happening any time soon.
(2) we're on our way towards post-scarcity and can start taking things easier from now on. (If only..)