Feeding the bears!

[PerryChase]

Those with assets and who have pretty much everything they need already have nothing to fear from a high interest rate, high inflation environment. That’s actually an opportunity to acquire more assets at depressed prices (albeit at high finance charges). The high rates won’t last forever then you can refinance to lower rates and have the principal almost paid-off. Voila! Piggingtons should all root for 20% mortgage rates.

[PerryChase]

Those with assets and who have pretty much everything they need already have nothing to fear from a high interest rate, high inflation environment. That’s actually an opportunity to acquire more assets at depressed prices (albeit at high finance charges). The high rates won’t last forever then you can refinance to lower rates and have the principal almost paid-off. Voila! Piggingtons should all root for 20% mortgage rates.

[IONEGARM]

I think you will see a small spike in sales while the people with locks rush to buy before their locks expire, but then the numbers will start going down because of the reduced affordability and psychological affects of higher rates.

[IONEGARM]

I think you will see a small spike in sales while the people with locks rush to buy before their locks expire, but then the numbers will start going down because of the reduced affordability and psychological affects of higher rates.

[PD]

The bad news is piling up like poo on a pig farm. Yippee! Let’s make fertilizer!

[PD]

The bad news is piling up like poo on a pig farm. Yippee! Let’s make fertilizer!

[lonestar2000]

I fully agree with Perry. The best time to buy is when the interest rates are at the highest. You get a low principal with a high interest rate that you can barely afford, but when the interest rates go down you refinance, ending up with a low principal and a low interest rate.

[lonestar2000]

I fully agree with Perry. The best time to buy is when the interest rates are at the highest. You get a low principal with a high interest rate that you can barely afford, but when the interest rates go down you refinance, ending up with a low principal and a low interest rate.

[Author]

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