Well all of the interest would be deductible, right?
Yeah I guess you can’t go wrong because if interest rates drop the price of the property goes up and if interest rates stay high you’re deducting the interest and paying the same monthly as you would if interest rates were low and the house was 2 to 3 times more expensive
Pretty much... higher rates on a lower price hurts about as much as lower rates on a higher price.
The big thing is that once rates drop, you can refinance. So you bought the property at a cheap price.
Like I said, the only caveat is that if rates keep going higher, the property keeps dropping. Although, since you bought on debt, the real value of that keeps dropping too.
Depression is hard times; Hyperinflation is catastrophe.