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HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....

 
Anonymous Coward
User ID: 1467687
United States
02/10/2012 01:20 PM
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HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
The idea is to buy property and once HYPERINFLATION hits (which it will) pay for it with money your parents give you to get a lollypop ...
200k today =$1 of new currency in a year :)
Anonymous Coward
User ID: 10489340
Germany
02/10/2012 01:22 PM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
Great idea, I take 10.
DIRTFARMER
User ID: 1252550
United States
02/10/2012 01:36 PM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
Good luck!!!!!!!!
Anonymous Coward
User ID: 10445171
Portugal
02/10/2012 01:58 PM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
lol€?
G5

User ID: 39464638
United States
06/05/2014 10:15 AM

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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
The idea is to buy property and once HYPERINFLATION hits (which it will) pay for it with money your parents give you to get a lollypop ...
200k today =$1 of new currency in a year :)
 Quoting: Anonymous Coward 1467687


interesting advice!
Anonymous Coward
User ID: 2307487
United States
06/05/2014 10:16 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
wha wha what?

makes no sense

explain
Anonymous Coward
User ID: 1712129
United States
06/05/2014 10:20 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
what do you suggest putting your money in that will be inflation proof?
Anonymous Coward
User ID: 25761338
Canada
06/05/2014 10:22 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
what do you suggest putting your money in that will be inflation proof?
 Quoting: Anonymous Coward 1712129


Inflatable rafts, oh wait....
Anonymous Coward
User ID: 10401141
United States
06/05/2014 10:23 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
wha wha what?

makes no sense

explain
 Quoting: Anonymous Coward 2307487


Hyperinflation doesn't exist unless the money supply is dramatically increased.

In other words, your employer has to raise your pay to meet the new price levels.

in the Weimar republic inflation, it was actually common for people to get paid daily or twice daily so that they could use the money before it became worthless.

So, in a hyperinflation, you would be making 10 bucks an hour now.. and 25000 in an hour after a couple of months.

Now, your mortgage is an AMOUNT, not attached to the value of the property, and not inflation based. IN other words, if the house was bought for 100.000, you could technically pay it off in 4 hours work after a hyperinflation using the above example.
G5

User ID: 39464638
United States
06/05/2014 10:24 AM

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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
what do you suggest putting your money in that will be inflation proof?
 Quoting: Anonymous Coward 1712129


real estate, farmland, physical assets..
G5

User ID: 39464638
United States
06/05/2014 10:25 AM

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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
wha wha what?

makes no sense

explain
 Quoting: Anonymous Coward 2307487


Hyperinflation doesn't exist unless the money supply is dramatically increased.

In other words, your employer has to raise your pay to meet the new price levels.

in the Weimar republic inflation, it was actually common for people to get paid daily or twice daily so that they could use the money before it became worthless.

So, in a hyperinflation, you would be making 10 bucks an hour now.. and 25000 in an hour after a couple of months.

Now, your mortgage is an AMOUNT, not attached to the value of the property, and not inflation based. IN other words, if the house was bought for 100.000, you could technically pay it off in 4 hours work after a hyperinflation using the above example.
 Quoting: Anonymous Coward 10401141


Our money supply is through the roof right now... If foreign holders start flooding us with dollars, hyperinflation is a certainty
Anonymous Coward
User ID: 1712129
United States
06/05/2014 10:25 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
what do you suggest putting your money in that will be inflation proof?
 Quoting: Anonymous Coward 1712129


real estate, farmland, physical assets..
 Quoting: G5


real estate and farmland? but thats what we are supposed to pay off in full with the money our parents gave us for lolypops. did you read the post?
CMcC

User ID: 58898824
United States
06/05/2014 10:26 AM

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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
Admittedly I know very little about economic matters. So when I see a statement like the OP..that makes me want to go out and buy 3 houses on credit...

...there just HAS to be something radically wrong with OP's thought process on hyper inflation's effect on debt.

Just sounds too good to be true.
Fear God and Dread Nought.
Anonymous Coward
User ID: 58332796
United States
06/05/2014 10:27 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
So, will I have to buy the whole alphabet or is there somewhere I can get just the "K"s?
Anonymous Coward
User ID: 10401141
United States
06/05/2014 10:28 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
wha wha what?

makes no sense

explain
 Quoting: Anonymous Coward 2307487


Hyperinflation doesn't exist unless the money supply is dramatically increased.

In other words, your employer has to raise your pay to meet the new price levels.

in the Weimar republic inflation, it was actually common for people to get paid daily or twice daily so that they could use the money before it became worthless.

So, in a hyperinflation, you would be making 10 bucks an hour now.. and 25000 in an hour after a couple of months.

Now, your mortgage is an AMOUNT, not attached to the value of the property, and not inflation based. IN other words, if the house was bought for 100.000, you could technically pay it off in 4 hours work after a hyperinflation using the above example.
 Quoting: Anonymous Coward 10401141


Our money supply is through the roof right now... If foreign holders start flooding us with dollars, hyperinflation is a certainty
 Quoting: G5


Yes and no,

The pay increase hasn't happened. So we're not seeing that effect yet.

what's through the roof is simple computer numbers. To have hyperinflation, someone actually have to start running the ACTUAL presses.
Anonymous Coward
User ID: 1712129
United States
06/05/2014 10:29 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
wha wha what?

makes no sense

explain
 Quoting: Anonymous Coward 2307487


Hyperinflation doesn't exist unless the money supply is dramatically increased.

In other words, your employer has to raise your pay to meet the new price levels.

in the Weimar republic inflation, it was actually common for people to get paid daily or twice daily so that they could use the money before it became worthless.

So, in a hyperinflation, you would be making 10 bucks an hour now.. and 25000 in an hour after a couple of months.

Now, your mortgage is an AMOUNT, not attached to the value of the property, and not inflation based. IN other words, if the house was bought for 100.000, you could technically pay it off in 4 hours work after a hyperinflation using the above example.
 Quoting: Anonymous Coward 10401141


Our money supply is through the roof right now... If foreign holders start flooding us with dollars, hyperinflation is a certainty
 Quoting: G5


maybe the negative intrest rate at ecb is to protect the dollar from inflation.

If the rich europeans pull thier money they need something to convert to that they can store with interest somewhere. Some may run to the dollar and store their money here so they dont loose money to negative interest.
Face Palmer
Yo mamma pulls catapults to gondor

User ID: 1149868
Germany
06/05/2014 10:29 AM

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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
Do not fall for this. Many people believe they can get rich easy in hyperinflation. They forget you need to pay tons for your food and such, and there usually is no money left to pay down debt at the end of the month.

Wages do not rise as fast as the hyperinflation speeds up.
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.
Johnny Lawrence

User ID: 56019491
United States
06/05/2014 10:30 AM
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Re: HYPERINFLATION !!! buy house today for 200k and pay for it in a years in full....
Except when you have to pay $1000 for a loaf of bread

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