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Value of the US Dollar
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billybob
Posted 1/14/2008 17:09 (#283175 - in reply to #283038)
Subject: RE: Value of the US Dollar


68340

The problem is that the inflation dollars are not coming fast enough when your monthly mortgage payment is due.  It is o.k. if you can hang on 5 or 10 years.  Say, 5-10% inflation per year over 5 years.  No, problem making payments, but it takes time. 

It worked in the 1970's with machinery.  You bought a $30,000 tractor and made min. payments and let inflation pay for the tractor.  Tractors were going up 10% or more per year in price alone. 

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