Hell yes, pay off someone else’s mortgage.This quote is hidden because you are ignoring this member. Show Quote
Hell yes, pay off someone else’s mortgage.This quote is hidden because you are ignoring this member. Show Quote
If we buy now aren’t we buying the peak home price AND interest rate?
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
If we saw interest rates go back to the 80/90s, I think it would tank the entire Canadian economyThis quote is hidden because you are ignoring this member. Show Quote
Ultracrepidarian
It tanked it back then!
Let’s tank it again !
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
It is the Trudeau way.
If I had a dollar for every time some boomer said - 'rates are still historically low!'This quote is hidden because you are ignoring this member. Show Quote
Correct me if I’m wrong but 20% interest rate in the 80s were on houses 50k-100k , which is same as 5-7% rate at 500k house prices. So if we go back to 10%+ we are fcuked
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2019 IS350 AWD
20xx NX350 AWD
... you'd have your mortgage paid off!This quote is hidden because you are ignoring this member. Show Quote
Then get ready to pay $20 for Big Mac.This quote is hidden because you are ignoring this member. Show Quote
Sharp increases are met with a corresponding decline within ~3 years? With how expensive literally everything is now and more interest rate hikes likely to come in early '23, I'll be curious to see how long before BoC has to start dropping.This quote is hidden because you are ignoring this member. Show Quote
Don't forget that in the early 80's the average house cost less than 3x the average household income, it's more than double that now days.This quote is hidden because you are ignoring this member. Show Quote
https://globalnews.ca/news/7740756/h...across-canada/
Last edited by 94boosted; 12-08-2022 at 03:16 PM.
ask Misterman, he knows.This quote is hidden because you are ignoring this member. Show Quote
Which beyond member is predicting broad deflation?
I don't know where rates will go... but I do know that anywhere near or over 10% will crater society.This quote is hidden because you are ignoring this member. Show Quote
Except for the pop drinkers in Aspen, they'll be fine. Either cause they're renters without a mortgage or their so filthy rich it doesn't matter.
Gov't have demonstrated over the past 15 years that they are terrified of deflationary vicious cycles and they will literally throw everything into the mix to prevent them.This quote is hidden because you are ignoring this member. Show Quote
It's almost impossible to go into a deflationary cycle as long as there's more working people than old retirees.
Wait...
or a housing crisis, or a pandemic, or, or, or....This quote is hidden because you are ignoring this member. Show Quote
Housing will never be deflationary.
what makes you say this?This quote is hidden because you are ignoring this member. Show Quote
Everybody needs housing, just like how everybody needs food, water and poops.
Doesn't mean the current price won't drop, but that's different than deflation.
Well I guess housing could be nationalized. That'll deflate it lol.