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Ah, but surely the downsizing only works properly in the rental sector (and even then there are contract restrictions.) If you are paying back a mortgage, your flexiblity to downsize is limited by the ease of selling your house?
by Metatone (metatone [a|t] gmail (dot) com) on Wed May 3rd, 2006 at 09:13:00 AM EST
[ Parent ]
Your mortgage payments are fixed and not affected by inflation (again, to a first approximation).

guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
by Migeru (migeru at eurotrib dot com) on Wed May 3rd, 2006 at 09:46:48 AM EST
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