Get ready for the fun to begin

[Lockhouse]

Have you got a mortgage??????

I'm hoping hyper-inflation will sort that one out...

[BlackenedBiker]

I'm hoping hyper-inflation will sort that one out...

Explain??

[HairyArsedBloke]

Very Interesting

[TimberWolf]

Have you got a mortgage??????

Nope, renting now. My entire meagre wealth is currently sitting in a bank earning -2.9% interests, at most

Handy that the inflation figure came in at 2.9% isn't it, just below the threshold where stuff has to be done. It might approach 2.99999% next month.

[Mich the Tester]

Have you got a mortgage??????

I've got one. An old fashioned repayment mortgage with interest fixed for 20 years. Inflation? Bring it on!

[sasguru]

Berlin property. A little birdy tells me that Berlin is preparing a low tax regime to lure financial firms there

[Mich the Tester]

Berlin property. A little birdy tells me that Berlin is preparing a low tax regime to lure financial firms there

Berlin’s broke and full of brainy people. In the 1970s New York was broke and full of brainy people. For once you might be right.

[Lockhouse]

Explain??

Say you have a £100K mortgage: In times of high inflation you could expect that to become seriously devalued in real terms making it significantly easier to pay off early. Obviously you have to hope your salary increases and interest rates aren't too bad but 5 years of 10% inflation effectively halves your mortgage for you. Sort of.

[Doggy Styles]

My dad's first mortgage was for £1,600 in 1960. If he were alive today he'd be turning in his grave.

[BlackenedBiker]

Say you have a £100K mortgage: In times of high inflation you could expect that to become seriously devalued in real terms making it significantly easier to pay off early. Obviously you have to hope your salary increases and interest rates aren't too bad but 5 years of 10% inflation effectively halves your mortgage for you. Sort of.

I see you argument, I am just not sure how much reality is being added to it...