Another_Act_
Re:Ask HN: What trick of the trade took you too long to learn?
on Tuesday August 05, 2025 @10:45AM (#44798673)
> In other words, inflation means what you're paying back to the bank is worth less and less as the time goes on.
Well yes, that's exactly my point. The $1 you pay back to the bank 25 years ago is worth MORE than the 1$ you paid yesterday. But you still only need to pay back a fixed $300k.
Obviously agree that interest paid is where the bank charges you for the loan, but your original point about inflation meaning your actually paying back the inflation adjusted value of the loan makes no sense.
Re:Ask HN: What trick of the trade took you too long to learn?
on Tuesday August 05, 2025 @09:18AM (#44797621)
Eh? This is totally backwards. The amount you owe is fixed, e.g. 300k. Inflation means that that 300k is worth less and less as time goes on. Therefore, inflation is a good thing for debtors!!!
Re:WWDC kick off June 10 with Keynote address
on Thursday June 06, 2024 @11:16AM (#40598440)
You know that is a racist term, right?
Re:UK to be one of worst performing economies this year, predicts IMF
on Wednesday April 12, 2023 @06:08AM (#35537346)
Not my experience. Lots of demand from recruiters, Salaries decent (e.g. im expecting a offer of around 180k base imminently).