Look up the average house price in your area in 2000. Now imagine you were 20 years into a 30 year mortgage. That's a pretty nice house payment, eh? Realisti

Look up the average house price in your area in 2000. Now imagine you were 20 years into a 30 year mortgage. That's a pretty nice house payment, eh? Realistically, it would be even lower because you would have been a fool not to refinance as interest rates plummeted. This is one way that people with debt "win" due to inflation. Yeah, rich people benefit more. But that's always been the case. In a deflationary situation, rich people can take dividends from their investments, rather than selling at a discount. While that might be less than they'd normally get, it's much nicer than how wage workers have to work in fear of losing their jobs and having their income go to $0.