I understand that logically house prices and rents go up because of inflation which technically would make it easier for the debt to be paid off as that value does not change.
I just wanted to see if anyone knows if I'm missing anything. I feel as though it would be too easy for people who may have been over-leveraged to pay off all their debts in countries like Turkey or Venezuela where they experienced hyperinflation. Can someone who has experience let me know if this thinking is correct?
Is there anything the banks do like maybe force you to pay the debt back in American dollars or something? I wouldn't think that would be the case however that may solve the issue of the debt essentially just disappearing due to inflation.
Thank you.
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source https://www.reddit.com/r/RealEstate/comments/11xa1e7/what_happens_to_the_real_estate_debt_in/
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