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/biz/ - Business & Finance

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17841639 No.17841639 [Reply] [Original]

>take a loan for a house
>hyperinflation happens
>if you still have a job you pay it all with a few monthly salaries

Is it possible?

>> No.17841691

>>17841639
yes
however you need to be careful when you sign the death contract
the bank should not be able to force close on you if the house price goes below what you have paid so far

>> No.17841768

>>17841639
hyperinflation affects salaries lmao
its all relative, if a house goes to £1 million and it was £100k before, your salaries will increase also however your money will be worth jsut as much
and thats best case scenario, your salary night not increase as much as the house so you lose out even more

>> No.17841836

>>17841768
brainlet
you can lock in a house on 100k
then hyperinflation it will pump to 1 mil
but you still owe 100k hiperinflated toilet paper

>> No.17841841

>>17841639
>buying a house at the top during a deflationary collpase
wow. commies really are eco-stupid

>> No.17842443
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17842443

>>17841836
this is the right answer. true, the 'value' of the home goes way down relative to what you originally paid for it and is amplified through inflation
>making $100K a year
>$100K house now costs $500K
>salaries go up 5x due to inflation
>a 1:1 debt ratio is now a 1:5
meanwhile your rent just went from 500 a month to 2500, effectively not changing your debt to income ratio at all
nohousers btfo

>> No.17842469

>>17841639
Fucking idiot. Housing prices will crash like there is no tomorrow.

That 500K 2 bedroom apartment near a city will soon be 200K.

>> No.17842501

THE PART YOU FAIL TO REALIZE IS THAT WAGES WILL NOT INCREASE DURING HYPER INFLATION.

>> No.17842530

>>17842469
sorry renterboy but housing prices are rarely affected by a recession, which also, the only reason they were in 2008 is because they were the source of it.

>> No.17842540

>>17841639
Your wages won't go up, you'll just be poorer.

>> No.17842600

>>17841639
The mortgage interest rates will also adjust however you are mostly right.

>> No.17842613
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17842613

>>17841639
>your employer will give you a raise correlating anywhere near the rate of hyperinflation

>> No.17842643

>>17842469
The ideal would be take an enormous loan now 0% interest. Wait for housing to crash as boomers die off. Then buy the house beforw hyperinflation makes the loan amount trivial.

Maybe the time frame is too tight but if you managed it'd be amazing.

>> No.17842667

>>17842530

????????????????????????????????????????????????????????????????????????????????????????? Where were you in 2008

>> No.17842686

>>17842667
>the only reason they were in 2008 is because they were the source of it.

>> No.17842966
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17842966

Time to buy more