If you are paying a fixed rate on a mortgage, is inflation then a good thing?
In: Economics
Sure. We bought in 2017, refi’d in…21 or 22 I forget, and since then I’ve gotten market adjustment raises at work (to the tune of getting called in to my bosses office and just being given 10% out of nowhere). Inflation is pushing my wages up but my mortgage hasn’t moved. Damn shame we were responsible and didn’t have a crystal ball to go all in on an even bigger place. But we have enough house and my complaints are mainly cosmetic and definitely first world problems.
Latest Answers