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by scarface74 2562 days ago
That’s the beauty of a fixed mortgage. Wage growth doesn’t have to keep up with inflation. The mortgage stays the sane - the only thing that goes up is the property taxes and insurance. One of the few benefits of living in one of the most conservative suburbs of one of the more conservative states is their aversion to raising taxes.
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But the only way to make it hurt less is if you have more spending power in relation to it - if your wages don't rise much, but the price of living goes up, the mortgage is still going to hurt just as much.