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Jan 14, 2022
3:00:44pm
Gente_Boa All-American
yes, And you tie up less cash now in your monthly payments that you can use to
invest. When inflation is 7% the real value of your mortgage balance goes down by 7% throughout the year, so if you pay 3% interest for the loan it is like you come out 4% ahead in real terms. Future dollars are worth less than dollars today, so pay back the mortgage with future dollars instead of current ones. Invest your money today and compound those returns instead of paying off cheap long term debt.
Gente_Boa
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Gente_Boa
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May 6, 2013
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Mar 22, 2024
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