Quote:
Originally Posted by Fuzz
Did you miss my post where I pointed this out? You see it as a positive due to the final dollar amount, but the 1% increase over 35 years doesn't capture much inflation, or the borrowing costs the city takes on. This is basically their rent payment. I'd love my rent to be guaranteed to go up 1% ever year, becuase it would mean my rent was drastically cheaper after 35 years.
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Your post missed the math that had already been done for you. That he just showed you. It accounts for what you are saying