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A comment on Inflation rises to 7% in December (led by energy). Parent comment
Inflation is the best thing that can happen to you if you owe highly leveraged debt on appreciating assets. The more debt the better.
Your debt payments stay stable, the asset price goes up, your wages go up, and within a few years the payments are negligible compared to your salary.
Compare this to a renter - your rental payments go up, your wages go up.
Inflation is the best thing that can happen to you if you owe highly leveraged debt on appreciating assets. The more debt the better.
Your debt payments stay stable, the asset price goes up, your wages go up, and within a few years the payments are negligible compared to your salary.
Compare this to a renter - your rental payments go up, your wages go up.