What happens to fixed rate loans during hyperinflation? via /r/economy


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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s