3 ms·
>Whereas someone with a mortgage at say 2% and inflation is 8%. You are earning 6%. Only if your income goes up 8% a year due to inflation.
by PopAlongKid 5y ago
>Whereas someone with a mortgage at say 2% and inflation is 8%. You are earning 6%.
Only if your income goes up 8% a year due to inflation.
- incomingpain 5y ago>Only if your income goes up 8% a year due to inflation. Those inflation numbers are still rising. However, who will ultimately be able to find a new job and increase their $? Not retirees obviously.
- ilammy 5y agoNominal value of the mortgaged property is likely going up at at least around 8%, give or take.