Could hyperinflation pay off bad mortgages?

A mortgage contract is not inflation adjusted.

Adjustable mortgages feature a changable rate, but the principal is always fixed. keep up with payments and it will pay off.

Banks are not forclosing on properties at the moment. Bank's already own too many propertires they cannot unload.
20% of all homes are worth less than thier mortgage balance. Banks will not be calling in loans.

And Yeah Inflation will put a "Floor" under falling housing prices.
The Inflation we see has this purpose.

Rental costs are soaring as people chose to rent not buy.

Investors are bottom fishing; purchasing smaller homes for rental purposes.

Housing remains the best tax shelter out there.

 

owning housing is only a good tax shelter if you don't live in it.

owning housing you live in is a liability, and the benefit of the tax shelter is illusory.

housing you don't live in is not something the average person can own. telling people owning a home is an investment is a sham in the first place. Owning a home you live in is good in a lot of ways, but not as an investment.