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applegrove (1000+ posts) Send PM | Profile | Ignore | Mon Oct-17-11 10:29 PM Original message |
How does increasing inflation help people with mortgages. Is it as simple as |
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MFrohike (210 posts) Send PM | Profile | Ignore | Mon Oct-17-11 10:35 PM Response to Original message |
1. Call me crazy |
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Warpy (1000+ posts) Send PM | Profile | Ignore | Mon Oct-17-11 10:38 PM Response to Original message |
2. It certainly helped the people who bought in the 60s and paid it off in the 90s |
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ChandlerJr (554 posts) Send PM | Profile | Ignore | Mon Oct-17-11 10:38 PM Response to Original message |
3. The theory is that you are paying back yesterdays dollars with todays cheaper dollars |
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whoneedstickets (1000+ posts) Send PM | Profile | Ignore | Mon Oct-17-11 10:55 PM Response to Original message |
4. The biggest issue is escape... |
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roamer65 (1000+ posts) Send PM | Profile | Ignore | Mon Oct-17-11 11:14 PM Response to Reply #4 |
8. ..and increase costs of other things such as food and energy. |
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DBoon (1000+ posts) Send PM | Profile | Ignore | Mon Oct-17-11 11:05 PM Response to Original message |
5. It was a reason farmers in the late 19th century wanted free silver |
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pnwmom (1000+ posts) Send PM | Profile | Ignore | Mon Oct-17-11 11:11 PM Response to Original message |
6. Yes. It only helps if you have a fixed rate mortgage. |
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Silver Swan (805 posts) Send PM | Profile | Ignore | Mon Oct-17-11 11:12 PM Response to Original message |
7. Back in the late 1960's and early 1970's |
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dkf (1000+ posts) Send PM | Profile | Ignore | Mon Oct-17-11 11:15 PM Response to Original message |
9. Ask people what they paid for their house 30 years ago and their first mortgage payment. |
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DU AdBot (1000+ posts) | Fri Apr 26th 2024, 02:08 PM Response to Original message |
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