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To: SeekAndFind

The dollar amount of my home loan will not increase, but I am planning on being able to pay it off with inflated dollars here soon.


24 posted on 09/14/2009 5:18:47 AM PDT by umgud (Look to gov't to solve your everday problems and they'll control your everday life.)
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To: umgud

” but I am planning on being able to pay it off with inflated dollars here soon. “

Or taking out a second mortgage to go grocery shopping...


30 posted on 09/14/2009 5:24:33 AM PDT by Uncle Ike (Rope is cheap, and there are lots of trees...)
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To: umgud

Lots of debt is good when in periods of high inflation - as long as your debt doesn’t have an adjustable interest rate...

Anyone sitting on cash gets wiped out.

The exact opposite is true in periods of deflation.

I’m betting on inflation. You can’t print endless dollars and not devalue them.


31 posted on 09/14/2009 5:25:34 AM PDT by DB
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To: umgud
What do you think the bubble in house prices was?

That idea died horribly last year. It isn't coming back.

There is no inflation. Wishing there were won't make it happen. Not even a lot of people wishing it - they did, and it didn't.

68 posted on 09/14/2009 11:35:11 AM PDT by JasonC
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