What happens to fixed rate loans during hyperinflation?
Like venezuela for example. Let's say, u have a fixed rate mortgage loan of 1m.., then hyperinflation happens and people now have 1 billion paper bills. Will your fixed rate loan be paid off with that?
Submitted July 19, 2019 at 01:34AM by butthurtmuch-
via reddit https://www.reddit.com/r/economy/comments/cf3lnb/what_happens_to_fixed_rate_loans_during/?utm_source=ifttt