5 ms·
If you have a fixed rate loan, inflation is amazing. It is like free money. Inflation: bails out debtors, punishes savers Deflation: punishes debtors, rewards
by WillPostForFood 7y ago
If you have a fixed rate loan, inflation is amazing. It is like free money.
Inflation: bails out debtors, punishes savers
Deflation: punishes debtors, rewards savers
- izend 7y agoFixed rate loans are only 5 year max in Canada, so yes its great for 5 years but after that have to refinance at the new market rate.
- WillPostForFood 7y agoYes, good point. The standard 30 year fixed loan in the US is not common internationally.