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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Don Green who wrote (36056)7/23/2005 9:41:19 PM
From: Mike JohnstonRead Replies (3) of 306849
 
Here is the link to a post where i have explained that it is quite likely that any homeowner with less than 50% of equity in a property could end up bankrupt even in hyperinflation.

At first thought it seems against common sense, but the point here is that hyperinflation will end with deflation when the currency collapses and is subsequently replaced.

As i have explained, the only way for a homeowner to avoid a wipeout would be to sell the property at the peak of hyperinflation and immediately pay off the debts. But even that might not be enough, since the government could put limits on the amount of currency that is eligible to be exchanged into "new dollars".

Here is my original post:
Message 21511733
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