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by bluedevil2k
321 days ago
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What?? Something’s off in your statement. Inflation is actually a good thing when it comes to buying a house. You buy a house, get a (fixed) mortgage, and make set payments for the next 30 years. However, the payment amount never changes so as inflation takes effect over the years, your “real” payment gets cheaper and cheaper. In my case, the $1500/month I started paying in 2011 was worth a lot more than $1500 is worth today. |
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