4 ms·

>That sucks, but manageable given that your salary likely inflated along with your payment. Can I reside in a world where my salary doubles if my mortgage rate

• sokoloff 4y ago
  That's not the most analogous comparison; the most analogous comparison would be "where my rate of salary increase follows the changing interest rate on my mortgage". It's not that your $100K salary should go to $200K if your mortgage goes from 3% to 6%, but rather that your $100K salary should go to $106K instead of just $103K if your mortgage goes from 3% to 6%. Similarly, if your mortgage fell from 3% to 2%, you'd be pretty close to even if next year's salary went to $102K and likely in bad shape if it instead went to $67K.