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by matwood
4651 days ago
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The problem with 7% annual inflation rates is very few people can maintain those pay increases, every year, for an entire 30 year mortgage... So eventually you end up house poor. Actually you end up inflation poor, not house poor. Your house payment stays mostly fixed. In your scenario of much higher inflation than reported, rents are also likely going up. In such a case the renter will be worse off than the home owner. |
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