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As long as we are talking hypothetical more and more rent stabilized apartments are becoming unstabilized every day.
Most privately owned apartments are co-op and with baby boomers finally relocating or dying it won't be long before everything not city or state run will be free of that monster.
Last edited by mathjak107; 07-27-2013 at 05:44 PM..
Significant inflation would occur, and anyone making more than minimum payments on debts would be suckers. The real value of their debts would have just dropped, and the interest rates would likely be eaten up by the massive inflation.
I think interest rates for new lines of credit would drop, because with the free cash being handed out, there would be lower demand for loans. But, it might not be a good time to get a mortgage because property prices would probably go up rather sharply.
Most def. And open up an alloy wheel dealership. In more greener areas a good portion of the money would go to the local cat shelter, a new sprinkler system for the garden, cooking and sewing equipment, diet pills and workout videos, swiss, true crime literature, a four wheel drive german SUV and finally a vasectomy for hubby.
Better start checking prices and getting ready to whittle down that list. You can probably get the cat and the German SUV, and hope someone gives you another $100,000.
I'd put mine in the bank and bytch some more about the low to non-existent bank rates.
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