Why the Government Loves Inflation
Sue Says:October 28th, 2007 at 8:25 am
The most important reason why you shouldn’t pay off your mortgage, is chances are your fixed interest rate is probably lower than the current level of inflation. Inflation helps debtors and destroys savers. Uncle sam is the biggest debtor of them all and inflation is his favorite tool. My father bought his house for 80,000 in 1984, its now worth 650,000. The house didn’t increase in value, its the same house, the value of money has decreased in value. And if you really think housing is a great investment just ask someone in Florida. 3 months ago