atlanta: Inflation and the Housing Market
- 01/11/09 02:01 PM
Inflation. Is it our friend or foe? Well, we all know that dollar won't get what it used to. I bought a jumbo sized package of Wrigley's gum the other day and paid $1.69. It doesn't seem like that long ago when it was 79 cents. Everything goes up in price. The same can be said for home prices. That's why 30-year loans are so attractive. You're buying and locking at a time in space that typically over a 30 year period will see massive amounts of inflation, positively affecting price and value. Looking at this economy and the money that … (0 comments)
Inflation. Is it our friend or foe? Well, we all know that dollar won't get what it used to. I bought a jumbo sized package of Wrigley's gum the other day and paid $1.69. It doesn't seem like that long ago when it was 79 cents. Everything goes up in price. The same can be said for home prices. That's why 30-year loans are so attractive. You're buying and locking at a time in space that typically over a 30 year period will see massive amounts of inflation, positively affecting price and value.
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