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URL:  https://boards.fool.com/if-theres-hyperinflation-and-our-house-gets-14585916.aspx

Subject:  Re: Ann Says It Better Date:  3/20/2001  9:47 AM
Author:  telegraph Number:  133 of 220

If there's hyperinflation, and our house gets assessed at $10 million, even a 1% property tax would bankrupt us, unless I had a job paying that much

Why don't you look at the opposite scenario...if there was hyper deflation, your 1% property tax could be paid for out of pocket change. Everyone would have the spending power of a millionaire....Minimum wage would go to 2 cents an hour.......Then dollars would be 'readjusted'.....Turn in $1000 old dollars and get 1 'new dollar'.

And an asteroid could strike your house, flattening it, and missing mine. Or purple aliens could decide to zap your house, and not touch mine.


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