will inflation eat away at my downpayment?
Posted: Thu Sep 20, 2007 9:07 am
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will inflation eat away at my downpayment?
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Posted: Thu Sep 20, 2007 9:07 amPosted: Thu Sep 20, 2007 9:44 amInflation penalizes savings and rewards debt by making the dollar worth less, so yes your (and mine) downpayments are getting eaten away daily. The Fed has apparently decided they want to reward debtors at the expense of savers, and thus lowered rates.
Posted: Thu Sep 20, 2007 10:06 amPosted: Thu Sep 20, 2007 11:57 amPosted: Thu Sep 20, 2007 12:01 pmPosted: Thu Sep 20, 2007 2:00 pmPosted: Thu Sep 20, 2007 2:10 pmPosted: Sun Sep 23, 2007 10:54 amPosted: Sun Sep 23, 2007 11:47 amPosted: Sun Sep 23, 2007 9:31 pmBen Stein's column in today's New York Times that sheds some historical light on the situation:
[url]http://www.nytimes.com/2007/09/23/business/23every.html?_r=1&oref=slogin
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[url]http://www.nytimes.com/2007/09/23/business/23every.html?_r=1&oref=slogin
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Posted: Tue Sep 25, 2007 11:06 pm is a link to the story where you don't have to log in.
(I love when people offer me a link where I can give out my personal info to a large corporation - thanks so much. It is an even bigger bonus now that Murdoch owns them!)
But, don't bother. Ben's full of shit. He doesn't know what he's talking about. . Watch that linked video and then read Ben's article again. If you understand the video, you'll do what I did halfway through reading Ben: stop.
(I love when people offer me a link where I can give out my personal info to a large corporation - thanks so much. It is an even bigger bonus now that Murdoch owns them!)
But, don't bother. Ben's full of shit. He doesn't know what he's talking about. . Watch that linked video and then read Ben's article again. If you understand the video, you'll do what I did halfway through reading Ben: stop.