Comments by "worn down" (@worndown8280) on "ZILLOW: New Construction FIRE SALE" video.

  1. offense is taken, it is never given. The individual chooses to be offended.
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  2. 100%. Easily two 50 point increases. Probably two 75 point increases. And considering the economy wont slow down and job losses arent piling up yet possibly 100 pts at least once. But it doesnt matter. Inflation will not be control even with those levels. The Fed rate has to be at least the core CPI and right now its only 2.5%
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  3. You are paying back in inflated currency, so the price is cheaper than it appears. At least until the debt bubble bursts and the dollar dies. But that could be a tomorrow or in 100 years. And if the dollar dies tomorrow, making your mortgage note will be the least of your problems. Why do you think the Fed has a target of 2% interest and not zero? It makes the repayment of all debts cheaper. This keeps the economy moving more than it otherwise should. Also you can write off all your interest on your taxes thus keeping that money for yourself. Even today a 5.5% loan really a negative interest loan at 8.6% inflation.
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