Interesting Esco, sounds like the variable rate and 10.9% ROE is the way to go.
Worst case is rates go up in few years because we never get the recession everyone expects, but you’ll have more equity and higher rents by then.
They’ve dropped 0.29% from their peak last month and are the lowest since mid-September.
The fundamentals that drove rates down are still here: lots of rich people who save rather than spend all over the world chasing too few low-risk investments.
Trump’s tax cut mostly went to the wealthy, who barely increased their consumption and instead put their cuts into investment markets, prestige real estate, and increased loanable funds.
