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oh ffsWorld Bank warns of recession and stagflation | Fortune
High inflation and slow economic growth could mean a return of 1970s-style stagflation.fortune.com
oh ffsWorld Bank warns of recession and stagflation | Fortune
High inflation and slow economic growth could mean a return of 1970s-style stagflation.fortune.com
75 bips is what the US should have done back in November. Or at minimum 50.Reserve Bank Australia rate has gone from 0.1% to 0.85% in just a month
Didn't read.Don't worry as our houses become unaffordable we are moving the same way More buyers opt for adjustable-rate mortgages as rates rise | Federal News Network
they did .25 last month and .50 yesterday.75 bips is what the US should have done back in November. Or at minimum 50.
3 year bonds probably starting to look a little spicy if you got some cash sitting around.
Are your mortgage rates long term fixed or do they get adjusted every 5 years like the Crazy Canadians?
5 year resets sound so insane to me.they did .25 last month and .50 yesterday.
no long term fixed here. You can go variable or choose fixed for between one and five years. I have variable so will get ass fucked quite a bit, I pay quite a bit more than my minimum though so at least It’s lubed up
Some shitty deals May still have early penalty, but most won’t nowadays5 year resets sound so insane to me.
Any penalty for early payoff?
I'm so conservative with money I probably wouldn't buy a home until I could pay cash. Haha.
If anything it exposes Canada's corrupt pathway to home ownership. Adjustable rates are insane. Not allowing early payoff is criminal.Nearly 1 in 4 homeowners would have to sell their home if interest rates rise more: survey
As per a survey from Manulife Bank of Canada, 18% homeowners polled are already at a stage where they can’t afford their homeswww.theglobeandmail.com
Yup it's gonna be bad, worse than 2008..everything is gonna tank.. lot of jobs gonna be lost ..repossessions galore...
Logically, you're absolutely right. But I think many of us are underestimating their ability to reinflate the bubble.Yup it's gonna be bad, worse than 2008..everything is gonna tank.