Variable mortgage regret?

[suntan]

He's correct that the coupon rate doesn't change for a particular bond. That's the only thing he seemed to have said. But yeah it's not a really useful thing to say.

[SJW]

Will I see an increased amount of side by side UTVs for sale soon?

That's all I care about right now.

[ExtraSlow]

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Will I see an increased amount of side by side UTVs for sale soon?

That's all I care about right now.

Group buy?

[Tik-Tok]

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Will I see an increased amount of side by side UTVs for sale soon?

That's all I care about right now.

They're more likely to suddenly combust, along with the house and trailer which coincidentally was parked in the driveway in the dead of winter.

[SJW]

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They're more likely to suddenly combust, along with the house and trailer which coincidentally was parked in the driveway in the dead of winter.

Oh you mean Jewish lightning?

[ThePenIsMightier]

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Oh you mean Jewish lightning?

Whoa, Kanye!

[SJW]

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Whoa, Kanye!

Oh no it's ok. I have Jewish friends. Is that how this works?

[ExtraSlow]

I'm not actually Jewish, I just like grumans deli.

[SJW]

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I'm not actually Jewish, I just like grumans deli.

You buying?

[Rocket1k78]

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Will I see an increased amount of side by side UTVs for sale soon?

That's all I care about right now.

I would suspect there to be some really good deals in the near future on things like this unless the below happens lol

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They're more likely to suddenly combust, along with the house and trailer which coincidentally was parked in the driveway in the dead of winter.

[SJW]

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I would suspect there to be some really good deals in the near future on things like this unless the below happens lol

I hope so. I really want one. More comfortable than quadding.

[SKR]

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Group bi?

#artroom

[Masked Bandit]

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Oh you mean Jewish lightning?

Financial Combustion is the PC term.

[SJW]

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Financial Combustion is the PC term.

I'm not on PC website.

[ExtraSlow]

They call it UCP now.

[Misterman]

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Come on guys, he predicted this a year in advance! You know, the same year that BOC held it at 0.25 and had said that they hadn’t planned to raise it for ‘a few years’. Misterman is smarter than the BOC. Duh.

Show me the post that you keep referring to as ‘told you so’, cause from a quick skim, it never happened.

Skim harder I guess. Kind of ironic that you mention BoC while trying to inaccurately paint me as claiming myself to be some sort of clairvoyant. Because if you literally had just listened to the BoC, they were telling us in 2021 that things were fucked and they'd be lifting interest rates in early 2022. Yes I did predict it to start in March, but I'll admit that was a lucky guess. In any sense, this isn't about making predictions, it's about doing due diligence and acting accordingly. Since every indicator was telling us that interest rates were going to go up, it was a pretty fair thing to plan for. If you're correct you lock in a low mortgage rate and get your money out of the market before it inevitably drops. And if you're wrong and some black swan happens, maybe you lock in a rate you could've waited on for a bit, and you miss another 10% market run up. The positives of taking action outweighed the negatives in my due diligence review. So I acted as prudently as possible given the details that I did know about.

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Ya pretty much. I knew it was going to go up, just wasn't expecting it going up 7 times in a year and anyone saying they saw that coming is full of shit.

Based on historical trends and data, I was estimating mortgage rates somewhere in the 10-12% range. Hiking cycle isn't over yet, we shall see where it goes. I had no care about the speed of the increases, I just knew I didn't want to be a part of the increases at all. But with the fact we already had 15-20% real inflation for over a year that they were pretending didn't exist, it seemed logical to assume rates would go up quickly when they finally got their heads out of their assess and started.

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We will see if that mortgage stress test started in 2016 works at all.



The question is, will the next 15 years like last 15 years or we are going back to the 90s.

B rate lenders are already bending over backwards to keep borrowers in their houses and prevent full defaults. A number of variable rate borrowers are in a position where their mortgage principle is going up because their payments aren't even enough to cover interest. Or some people are adding years to their amortization. Scary thing about the stress test, is we have already passed the inflection point where current rates are now higher than what people were stress tested at. So yes it will be interesting to see what happens as renewals keep coming up.

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If we saw interest rates go back to the 80/90s, I think it would tank the entire Canadian economy

Well tanking the economy is essentially the goal. They're just trying to control how hard and fast it happens. But we should not require any rates like 80's to accomplish this. Debt loads nowadays are so high it'll take much less interest to completely wreck people.

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Which beyond member is predicting broad deflation?

If your broad deflates you can just patch her up. Check with your local tire guy.

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ask Misterman, he knows.

Nah man, due diligence doesn't matter at all. Just roll a die and ascribe a thing to it. Warren Buffet and guys like that are just "lucky"

[Buster]

dont you dare bring Mr. Buffett (note spelling), into this.

[Misterman]

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dont you dare bring Mr. Buffett (note spelling), into this.

I was thinking maybe you know of a good Asian Buffet we could discuss this over some peking duck.

[Brent.ff]

Show me the post that you said it was going up.

[bjstare]

Also, if you can include a doodle on the historical chart to show why you estimate "10-12% range", that would be great. I think some people (generously) call this type of guessing "Technical Analysis".