[quote=lifeizfunhuh]My housing costs are now fixed and I can pay back the bank with increasingly less valuable dollars.[/quote] Exactly! As SD-R said on another thread, you’ll be laughing in the coming years as your neighbors pay 8%, 9%, and 10% rates on their mortgages. So what if house prices drop another 5%-10% in nominal terms? Also, as Uncle Sam exits the mortgage business, 30-yr fixed terms will become more expensive and/or harder to find.