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Surely the people who are leveraged with a fixed rate mortgage at an even bigger advantage to those who own a home outright? (debt will get inflated away over t
by amacneil 4y ago
Surely the people who are leveraged with a fixed rate mortgage at an even bigger advantage to those who own a home outright? (debt will get inflated away over time)
- quickthrower2 4y agoIf you have 500k house outright vs. 500k equity in 1M house then probably yes I imagine that is correct on average. But that is orthogonal. Both people in the comparison have the home equity to begin with. How? Either they paid $500k from earnings or they got it a lot cheaper in the past. A lot cheaper in the past == inflation.