Comment

Yon: A Mortar at Night

288
itellu3times1/15/2009 10:29:25 am PST

re: #198 broomer

I have a financial question here as I know this is a financial savvy group. If I were to buy a house this summer and there’s a good chance of inflation, what’s my best option?
1) Forgo buying a house and rent an apt
2) Buy the smallest house I can afford to pay in cash
3) Get a 15 years mortgage with fixed rates
4) Get a 30 years mortgage with fixed rates

(Gonna sell my house this spring to capture the equity)

I’m expecting humongous inflation will start up shortly, so you’d want to own real assets and let things ride, so (4).