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If inflation goes up and ratings go up, mortgages get expensive, and then housing more unaffordable. Your debt is liquified but your house value also goes into
by conanbatt 5y ago
If inflation goes up and ratings go up, mortgages get expensive, and then housing more unaffordable.
Your debt is liquified but your house value also goes into the crapper.
- new_realist 5y agoOver 30 years, though, your salary will go up with inflation, but your fixed rate mortgage payments will not.
- conanbatt 5y agoAnd what happens to the 30% house value down at 5x leverage?