A Conversation for Talking Point: Debt
Inflation to the rescue
John the gardener says, "Free Tibet!" Started conversation May 12, 2002
Look at the scary debt-load you're carrying now compared to, say, 20 years ago - those of you who are too young: go and play with your Leggo for a few minutes. Then, you probably felt like an astronaut for coughing up the dough to make a down-payment on your house (never mind the mortgage, for a moment). Now you're probably shopping for a car in the same price range. If you live long enough, your current credit card balance will seem to shrink like a pimple at the beach.
Back from the Leggo box: Your student loan may seem like a burden now, but the gold watch they give you when you retire will be worth ten times as much. 
JTG
Inflation to the rescue
Wand'rin star Posted May 13, 2002
How I agree! When I took out a mortgage, the house was valued at X pounds. Next year, when I finally pay it off, it will be worth between 3 and 4X pounds. My younger son's student debt three years ago was also (on paper) X pounds. When THAT's finally paid off X pounds probably won't pay for the celebration drinks.
The idea is to die owing the bank money.
Inflation to the rescue
John the gardener says, "Free Tibet!" Posted May 13, 2002
... but still have enough equity for a decent box.
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Inflation to the rescue
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