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The difference is higher inflation, which likely leads to higher pay rises, so actually the real interest rate is lower than it was.
by rr888 4y ago
The difference is higher inflation, which likely leads to higher pay rises, so actually the real interest rate is lower than it was.
- ed25519FUUU 4y agoStill waiting on that sweet inflation adjusted pay raise.
- o_1 4y agoHahaha. I think everyone is.
- rr888 4y agoRight, I think tech is a little different because salaries went up so much in the last 10 years. For most workers there are big shortages and raises everywhere. I know the people I've been involved in hiring are up 10-20% from pre-covid, even social security is up 8.7% for next year.
- wongarsu 4y agoOnly if you believe high inflation to continue over the majority of the mortgage duration.
- cozzyd 4y agoBut then you can refi at lower rates...