spin_dry Posted August 23, 2019 Share Posted August 23, 2019 I’m sure trump supporters see this as good news. https://finance.yahoo.com/news/negative-rates-coming-savings-050005475.html Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2019 Share Posted August 24, 2019 2 hours ago, spin_dry said: I’m sure trump supporters see this as good news. https://finance.yahoo.com/news/negative-rates-coming-savings-050005475.html Really, any interest return under 4% is essentially a negative return. Quote Link to comment Share on other sites More sharing options...
Snake Posted August 24, 2019 Share Posted August 24, 2019 We could be getting 8%, but those 20% house loans are tough to pay. Not excusing it. I just remember marveling as a kid how I got paid to put money in the bank, while the note on dad's truck was 24% Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted August 24, 2019 Share Posted August 24, 2019 4 minutes ago, Snake said: We could be getting 8%, but those 20% house loans are tough to pay. Not excusing it. I just remember marveling as a kid how I got paid to put money in the bank, while the note on dad's truck was 24% Those were some rough times for many. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2019 Share Posted August 24, 2019 6 minutes ago, Snake said: We could be getting 8%, but those 20% house loans are tough to pay. Not excusing it. I just remember marveling as a kid how I got paid to put money in the bank, while the note on dad's truck was 24% Had my Fiberal Star paper route money in a gic earning 18% when I was 12. Quote Link to comment Share on other sites More sharing options...
Snake Posted August 24, 2019 Share Posted August 24, 2019 1 minute ago, ArcticCrusher said: Had my Fiberal Star paper route money in a gic earning 18% when I was 12. All these basement dwellers are going to be shit out of luck for not buying when rates are low. Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted August 24, 2019 Share Posted August 24, 2019 1 minute ago, ArcticCrusher said: Had my Fiberal Star paper route money in a gic earning 18% when I was 12. Lol. Quote Link to comment Share on other sites More sharing options...
ManOnManOral Posted August 24, 2019 Share Posted August 24, 2019 1 minute ago, Snake said: All these basement dwellers are going to be shit out of luck for not buying when rates are low. Millennials are losers. Quote Link to comment Share on other sites More sharing options...
Snake Posted August 24, 2019 Share Posted August 24, 2019 First house loan was 9.1%. Last one was 2.9% Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 24, 2019 Share Posted August 24, 2019 1 hour ago, Snake said: First house loan was 9.1%. Last one was 2.9% I'm hoping to get in the 2s on a 10 year this fall Quote Link to comment Share on other sites More sharing options...
Momorider Posted August 24, 2019 Share Posted August 24, 2019 8 hours ago, ManOnManOral said: Millennials are losers. Yet they have more millionaires than any group ever Quote Link to comment Share on other sites More sharing options...
awful knawful Posted August 24, 2019 Share Posted August 24, 2019 7 hours ago, f7ben said: I'm hoping to get in the 2s on a 10 year this fall That's really good. I did 5 years. Remortgaged every 4.5 without penalties. I believe I had 4.5, 4.0 then 3.5% at the end. Paid in 10. I'm mortgage & 100% debt free! Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted August 24, 2019 Platinum Contributing Member Share Posted August 24, 2019 10 hours ago, Snake said: First house loan was 9.1%. Last one was 2.9% my first was 8-1/4, it sucked. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2019 Share Posted August 24, 2019 9 hours ago, f7ben said: I'm hoping to get in the 2s on a 10 year this fall In a week, will you even need one! Quote Link to comment Share on other sites More sharing options...
Edmo Posted August 24, 2019 Share Posted August 24, 2019 1 minute ago, steve from amherst said: my first was 8-1/4, it sucked. Mine was 13 or 14%, and my first car loan was similar. Luckily stuff was cheaper back then. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 24, 2019 Share Posted August 24, 2019 Home prices will tumble do to high mortgage rates which is great for buyers who look ahead. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2019 Share Posted August 24, 2019 2 hours ago, awful knawful said: That's really good. I did 5 years. Remortgaged every 4.5 without penalties. I believe I had 4.5, 4.0 then 3.5% at the end. Paid in 10. I'm mortgage & 100% debt free! That's great but it really mattered more when the rates were higher. With today's low rates there are more options to consider. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2019 Share Posted August 24, 2019 Just now, Mainecat said: Home prices will tumble do to high mortgage rates which is great for buyers who look ahead. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted August 24, 2019 Platinum Contributing Member Share Posted August 24, 2019 Just now, Mainecat said: Home prices will tumble do to high mortgage rates which is great for buyers who look ahead. Wife and I were talking bout this last weekend. WE will buy our retirement home during the next recession , then sell this one after prices come back up. Quote Link to comment Share on other sites More sharing options...
awful knawful Posted August 24, 2019 Share Posted August 24, 2019 4 minutes ago, ArcticCrusher said: That's great but it really mattered more when the rates were higher. With today's low rates there are more options to consider. Having no mortgage is better than having a mortgage. Doesn't matter what the interest rate is. 2 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 24, 2019 Share Posted August 24, 2019 15 minutes ago, steve from amherst said: my first was 8-1/4, it sucked. My first one was 9%. 1994 Quote Link to comment Share on other sites More sharing options...
ckf Posted August 24, 2019 Share Posted August 24, 2019 125 on a bike and 130 in a car for me. My little GS500 wouldn't go any faster, neither would the SS Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 24, 2019 Share Posted August 24, 2019 7 minutes ago, awful knawful said: Having no mortgage is better than having a mortgage. Doesn't matter what the interest rate is. It actually does matter. Quote Link to comment Share on other sites More sharing options...
awful knawful Posted August 24, 2019 Share Posted August 24, 2019 Can be 20% or 2% Doesn't affect me. Fuck it! Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 24, 2019 Share Posted August 24, 2019 1 minute ago, awful knawful said: Can be 20% or 2% Doesn't affect me. Fuck it! Yah.....but if you can leverage your home for 2% and put that money to work making 6% then that is the thing to do Quote Link to comment Share on other sites More sharing options...
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