Quote:

The subject was value of the property, not how he would pay for it. Since you've broached the issue of the latter though, perhaps we should discuss how an American will pay off a fixed-dollar mortgage with a stagnant income when all the other necessities of life cost more. Do you have an answer for that?



Yes, I do have an answer for that but nobody believes in not having car payments, bike payments, and credit cards. So my answers never seem to work for others. They work pretty good for me though.

In my wildest dreams I could never have a 200k mortgage ever. The banks, even today say I can easily do a high dollar house. They have got to be smoking crack. I know what I can afford, bankers don't know that. Bankers sell money, they are not my friend. They are like high end used car salesmen. Their product is money. They make money when I borrow it, that is what they do for a living.

In this case the original post was about affording a house, not inflation. Right now we have no inflation. Interest and the cost of goods are not sliding up.

We will have stagflation in the next 18mos. that will be a serious problem.

I try to aggravate one person a day. Today may be your day.