Implement the Argentina response which is to keep taking out loans one after the other, pay off older loans with newer loans as their currency crashes.
And the income follows somewhat inflation, otherwise you’ll need 600% of your income to barely afford one meal per day, and you won’t have anything left for the house.
Stagflation is an economic condition characterized by the simultaneous occurrence of high inflation, stagnant economic growth, and elevated unemployment.
Alternatively, hyper inflation will reduce your debt to nothing and you’ll still have a house.
Assuming you still have a job/income.
Implement the Argentina response which is to keep taking out loans one after the other, pay off older loans with newer loans as their currency crashes.
And the income follows somewhat inflation, otherwise you’ll need 600% of your income to barely afford one meal per day, and you won’t have anything left for the house.
We’re more likely looking at deflation.
I’d bet on stagflation actually:
Yeah, given seems Trump hell bent on devaluing the dollar and destroying global trade, stagflation seems most likely.