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Take out a fixed-rate mortgage on your house. Your debt paying itself off would be a nice silver lining to inflation.
by fshbbdssbbgdd 5y ago
Take out a fixed-rate mortgage on your house. Your debt paying itself off would be a nice silver lining to inflation.
- triceratops 5y agoOnly if your income increases to match inflation, right?
- fshbbdssbbgdd 5y agoIf housing costs increase as part of inflation, owning a home will leave you better off than renting (whether or not your income is keeping pace with inflation).
- xyzzyz 5y agoOver 30 year term of mortgage, it eventually will, most likely sooner than later.