4 ms·
> There's never been a worse time to borrow Maybe? In the 1970s in the UK we had double-digit inflation. It turns out that was the best time to borrow becaus
by DrBazza 3y ago
> There's never been a worse time to borrow
Maybe? In the 1970s in the UK we had double-digit inflation. It turns out that was the best time to borrow because (wage) inflation eroded the cost of mortgages within just a few years, making a large mortgage in 1970, a very small one by 1980.
Whether inflation, right now, is coming back under control in Western economies is a matter of debate.