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To: Spekulatius who wrote (223067)	2/21/2003 12:29:00 AM
From: Secret_Agent_Man	Respond to of 436258

are we there yet?

To: Spekulatius who wrote (223067)	2/21/2003 12:34:47 AM
From: patron_anejo_por_favor	Read Replies (3) \| Respond to of 436258

<<If CPI is indeed at 6% the real loosers will be the owner of mortgage debt, not the owner of houses. I'd love to see 6% inflation, my <6% interest mortgage would be basically for free...>> Only if HOUSING PRICES are also up 6%...otherwise foreclosures and defaults will drive you're equity down. So yeah, the real mortgage rate will be zero percent, but your equity will be, say, minus 5%. And God help you if you need to sell in a hurry....