No, but it will devalue it by about 22%, which is the amount of new cash the government has injected into the US economy since the beginning of Covid.In the meantime, it's a great time to own assets, which 'should' appreciate due to the new cash pumped in.Have you thought about parking your cash reserves in TIPS or some other form of liquid inflation protected asset?

(a little more than you paid for the property)So how can a 2% interest rate devalue the currency faster than the life of the loan?

Devaluation has already occurred in the now-factual doubling of the base currency, though its "formal" effect is staved off by fear in gov'ts outside our borders as well as inside our borders.I will do a longer post about this in the housing bubble forum

Finally (and this is just my opinion), your properties have tangible worth and provide a hedge against inflation, which is far more than can be said for over valued stocks run amok in an economy where government policy is to print money, thus forcing devaluation of the dollar.

It has devalued significantly.

If you are looking for a hedge against inflation, you want to control as much good debt as possible because the debt is what gets devalued.

Technically, I can get those now, but I don't want to spending income on devaluing items, need passive income to play, also while able to enjoy); Stage 3 - Assets are f & c, set the next generation up so they don't have to worry about making a living, be able to cover for healthcare costs, and be able to spend time helping/caring/growing for both preceding and following generations.

This mistake probably reflects my anticipation of rising interest rates (although I believe it will be gradual)  when the Feds decide to begin raising the Fed Funds Rate.Given last week's news about China devaluing their currency and Wall Street's loss last week, it will be interesting to hear what the comes out of the September 16-17 meeting.

It's actually not the home price that's increasing but home price is adjusting to the devaluation of currency and M1 cash.

Add to that the fact that owner occupant condo owners generally hate having renters in their building devaluing their investment and there are more that enough reasons to look ant all other investment options.