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<p>[QUOTE="-jeffB, post: 1399767, member: 27832"]I'm not sure how a fixed-rate mortgage or car loan, which is a contract specifying a fixed nominal-dollar payment for a fixed number of months, would become harder to pay off with rising inflation. Sure, food and other consumables might go up faster than your income, but if your income goes up at all, the percentage of your income going to the mortgage would necessarily go down.[/QUOTE]</p><p><br /></p>
[QUOTE="-jeffB, post: 1399767, member: 27832"]I'm not sure how a fixed-rate mortgage or car loan, which is a contract specifying a fixed nominal-dollar payment for a fixed number of months, would become harder to pay off with rising inflation. Sure, food and other consumables might go up faster than your income, but if your income goes up at all, the percentage of your income going to the mortgage would necessarily go down.[/QUOTE]
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