Lesh
Diamond Member
- Dec 21, 2016
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WhT your house is worth is not the issue at hand.No it’s easier to come by, but it’s not worth as much. You can’t buy as much house with it as you could 29 years ago.
It doesn’t change the money I borrrowed 29 years ago.
What was vague about it? It literally tells you the inflation rates by year.
Your link from Wikipedia doesn’t
Your mortgage payments become cheaper over time because of inflation. It’s that simple.
The same thing happens with the debt