If inflation is 15% then subtract 15.
Printable View
All these stories of 20% mortgage rates blah blah, doesnt mean much when you buy your house for 1 pound ;)
Spare a thought for us millennials with $1m mortgages. We are inheriting a broken system. Not to worry, we will fix it. First things first put the retirement age up to 68-70yr :)
Lol not far wrong, Getty. Best load up on the retail stocks. We can't help ourselves but spend spend spend :p
Don't worry about the $1m. It's safe as, in fact you are actually helping me pay it thanks to inflation and the negative real rates you earn on cash in the bank. Cheers to you :t_up:
Jeez. Pounds went out in 1967. https://nzhistory.govt.nz/nz-adopts-decimal-currency
PS. It was Lange, Palmer and Moore who wrecked the country. Damn those Rogernomes.
https://www.parliament.nz/en/visit-a...nd-since-1856/
11% only in real terms for a 1980 mortgage. This was years after a period of high inflation which erased part of the debt.
Interesting to see how inflation plays into everyone's thoughts.
Not long ago the govt could borrow at 0.5% and they would come out way ahead with 3% inflation rates.