A fifty year home mortgage is a bet against inflation. If inflation turns out higher then expected, which I feel is likely, then you win by paying off the house with spare change in later years. If inflation turns out lower than predicted the economy will be going so great you can most likely afford the house anyway.
Good morning #siamstr
Yum yum lunch at wine connection. Lunch menu (soup+mains+drink) is just 279 (plus ten percent service then 12 percent cashback on my ktc credit card). #siamstr
Just think of how cheap a 50 year fixed rate mortgage will be after inflation does its thing. Perhaps one ought to focus on that rather than call it modern day slavery.
Good morning #siamstr