renting : dead money ?, page-141

  1. 2,796 Posts.

    Also 360 monthly payments at $2,000 is $740K paid to the bank, for a $280K loan! (assuming average interest rate of 8%) That more than covers the money lost on inflation to the bank from money YOU are paying.

    And dopey who thinks home loans cant grow!!, well if inflation hits 10% then you will see 15% interest rate easily. That means you now need to pay back $1.3mil instead of $740K

    So you don't profit from inflation you pay it out to the bank.

 
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