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If the worry is condo prices crashing, hyperinflation would certainly keep them from crashing...
by ummonk 7y ago
If the worry is condo prices crashing, hyperinflation would certainly keep them from crashing...
- jacquesm 7y agoHyperinflation is great for those with debts. For everybody else: not so much. Savings, pensions all end up being worthless overnight essentially anything with future value and without an asset to back it turns to dust overnight. This happened in Poland a while ago. Everybody with debts in old Zloty such as mortgages and so on was ecstatic, they could pay off their mortgage with three months work after the crash. Everybody else lost their life's work. Those with property ended up neutral. Banks learned their lesson: they pegged new mortgages to the Mark initially and later to the Euro, but people still got paid in Zloty...