To: RicocheT
A lot of people are having a hard time coming up with $2000 (or so) every month to pay their mortgage. But, with enough inflation, you may end up earning $2000 an hour, in which case paying your mortgage would be a breeze. Whoo-Hoo! No housing crisis!!
3 posted on
09/09/2009 9:41:04 AM PDT by
ClearCase_guy
(Play the Race Card -- lose the game.)
To: ClearCase_guy
But, with enough inflation, you may end up earning $2000 an hour, in which case paying your mortgage would be a breeze. Whoo-Hoo! No housing crisis!!
That doesn't factor in unemployment or the fact that many of those struggling now with mortgage payments have adjustable rate mortgages with payments that will soar with inflation.
4 posted on
09/09/2009 9:43:43 AM PDT by
peyton randolph
(Caligula's horse as Senator was smarter than our current Congress)
To: ClearCase_guy
I’ve made that bet, pulling out a lot of cash when I downsized to a smaller house.
5% money for 30 yrs looks good to me.
To: ClearCase_guy
If only it were that simple. :)
7 posted on
09/09/2009 10:12:01 AM PDT by
556x45
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