Dec 11, 2024
2:06:15pm
2:06:15pm
I think this is right, because of the mortgage issue
People who owe $250k could pay it off and then have $750k on hand plus a fully paid for house.
People without a mortgage would wind up plugging some huge percentage of that windfall into their suddenly massively inflated housing costs.
Inflation would be rampant, but if your loan is locked in, you'd sail by unaffected by rises in the average family's single largest expenditure.
People without a mortgage would wind up plugging some huge percentage of that windfall into their suddenly massively inflated housing costs.
Inflation would be rampant, but if your loan is locked in, you'd sail by unaffected by rises in the average family's single largest expenditure.
Originally posted on Dec 11, 2024 at 2:06:15pm
Message modified by Gustav on Dec 11, 2024 at 2:06:45pm
Message modified by Gustav on Dec 11, 2024 at 2:07:56pm
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