Home › Forums › Financial Markets/Economics › Paying down loans in HyperInflated Economy
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Coronita.
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October 23, 2008 at 2:55 PM #14276October 23, 2008 at 3:03 PM #291815
FoamFinger1
ParticipantDavard,
With your scenario, you just won the home owner super lotto. Can you imagine what the rates would be for a loan under your scenario, yikes!October 23, 2008 at 3:03 PM #292211ParticipantDavard,
With your scenario, you just won the home owner super lotto. Can you imagine what the rates would be for a loan under your scenario, yikes!October 23, 2008 at 3:03 PM #292135ParticipantDavard,
With your scenario, you just won the home owner super lotto. Can you imagine what the rates would be for a loan under your scenario, yikes!October 23, 2008 at 3:03 PM #292174ParticipantDavard,
With your scenario, you just won the home owner super lotto. Can you imagine what the rates would be for a loan under your scenario, yikes!October 23, 2008 at 3:03 PM #292167ParticipantDavard,
With your scenario, you just won the home owner super lotto. Can you imagine what the rates would be for a loan under your scenario, yikes!October 23, 2008 at 3:18 PM #292199j
ParticipantThat is the major advantage of home ownership. The cost of “rent” is fixed, or that is how it was for our grandparents.
My uncle once said his father brings in $1200 a month compared to his $3500 (Yes this was years ago), but his father is rich and he is poor. At the time my grandfather had a paid off home, three paid off cars, full medical benefits, and cash to spare.
My grandfather stayed in his house and paid it off, but today people move up every 7 years and refinance all the time. People no longer believe in paying off homes; they believe they should cash out there equity to buy Chinese products and vacations.
October 23, 2008 at 3:18 PM #292236ParticipantThat is the major advantage of home ownership. The cost of “rent” is fixed, or that is how it was for our grandparents.
My uncle once said his father brings in $1200 a month compared to his $3500 (Yes this was years ago), but his father is rich and he is poor. At the time my grandfather had a paid off home, three paid off cars, full medical benefits, and cash to spare.
My grandfather stayed in his house and paid it off, but today people move up every 7 years and refinance all the time. People no longer believe in paying off homes; they believe they should cash out there equity to buy Chinese products and vacations.
October 23, 2008 at 3:18 PM #292192ParticipantThat is the major advantage of home ownership. The cost of “rent” is fixed, or that is how it was for our grandparents.
My uncle once said his father brings in $1200 a month compared to his $3500 (Yes this was years ago), but his father is rich and he is poor. At the time my grandfather had a paid off home, three paid off cars, full medical benefits, and cash to spare.
My grandfather stayed in his house and paid it off, but today people move up every 7 years and refinance all the time. People no longer believe in paying off homes; they believe they should cash out there equity to buy Chinese products and vacations.
October 23, 2008 at 3:18 PM #292160ParticipantThat is the major advantage of home ownership. The cost of “rent” is fixed, or that is how it was for our grandparents.
My uncle once said his father brings in $1200 a month compared to his $3500 (Yes this was years ago), but his father is rich and he is poor. At the time my grandfather had a paid off home, three paid off cars, full medical benefits, and cash to spare.
My grandfather stayed in his house and paid it off, but today people move up every 7 years and refinance all the time. People no longer believe in paying off homes; they believe they should cash out there equity to buy Chinese products and vacations.
October 23, 2008 at 3:18 PM #291840ParticipantThat is the major advantage of home ownership. The cost of “rent” is fixed, or that is how it was for our grandparents.
My uncle once said his father brings in $1200 a month compared to his $3500 (Yes this was years ago), but his father is rich and he is poor. At the time my grandfather had a paid off home, three paid off cars, full medical benefits, and cash to spare.
My grandfather stayed in his house and paid it off, but today people move up every 7 years and refinance all the time. People no longer believe in paying off homes; they believe they should cash out there equity to buy Chinese products and vacations.
October 23, 2008 at 3:24 PM #292170capeman
ParticipantThe banks and the Fed will fight to the end against this scenario as bank capital is worth that much less in a hyperinflationary scenario. Right now deflation is beginning its reign of terror across all asset classes.
October 23, 2008 at 3:24 PM #292202ParticipantThe banks and the Fed will fight to the end against this scenario as bank capital is worth that much less in a hyperinflationary scenario. Right now deflation is beginning its reign of terror across all asset classes.
October 23, 2008 at 3:24 PM #292208ParticipantThe banks and the Fed will fight to the end against this scenario as bank capital is worth that much less in a hyperinflationary scenario. Right now deflation is beginning its reign of terror across all asset classes.
October 23, 2008 at 3:24 PM #291850ParticipantThe banks and the Fed will fight to the end against this scenario as bank capital is worth that much less in a hyperinflationary scenario. Right now deflation is beginning its reign of terror across all asset classes.
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