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If you take out a huge mortgage and buy a house, and then there actually is massive inflation, then you will have a very happy ending.
by theskypirate 5y ago
If you take out a huge mortgage and buy a house, and then there actually is massive inflation, then you will have a very happy ending.
- leppr 5y agoThis is a zero sum game where the winners are determined by their ability to get cheap debt. Sure, you can win from that. But, in % terms, you win less than people already richer than you. Inequality is only increasing.
- theskypirate 5y agoThat's an ideological concern, not a financial one. The fact is that regular people can do very well investing in real estate, and inflation is very good for real estate investors.