Re:U.S. Inflation Accelerates to 40-Year High
by alasdair_ on Friday February 11, 2022 @05:39PM
(#30307860)
>Sal can afford $1500/mo for a mortgage, regardless of interest rates.
If interest rates are 15% like they were in the early 80s, Sal will be expecting salary increases of >15% a year to keep up, so that $1500/mo won't stay that way for long.
If interest rates are 15% like they were in the early 80s, Sal will be expecting salary increases of >15% a year to keep up, so that $1500/mo won't stay that way for long.