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Post by mowlick on Apr 20, 2023 15:22:30 GMT
We have a property at the arse end of the empire i.e outside the M25 and to my of thinking it is all win win. With inflation going through the roof its value is increasing while we are just doing sod all so that, if not actually making money, we are better than off than having cash in the bank.
So things are good.
Except can we put the cherry on the cake? My assumption has always been that as the world's economy improves, then there will a greater demand for money, which means the price, and therefore mortgages rates, will rise. But we live in a funny old world and the latest projections are for mortgage rates to fall.
It is my belief that most economic forecasts depend on how well the forecaster has dined and aren't to be relied upon beyond the weekend. Still, what is your take ? Will mortgage rates rise or fall ?
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Post by presidentofchad on Apr 20, 2023 22:21:33 GMT
Property values in CHAD will continue to skyrocket as it is the center of world civilization and where all the cool kids want to live. Especially the hot ladies so they can be near the CHADIAN men and socialize.
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Post by mowlick on Apr 21, 2023 0:16:13 GMT
Property values in CHAD will continue to skyrocket as it is the center of world civilization and where all the cool kids want to live. Especially the hot ladies so they can be near the CHADIAN men and socialize. Obviously, but the property I am talking about is in Hemel Hempstead where civilization goes to die.
And if I want AIDS I don't have to go to Africa to pick it up.
So, back to the topic in hand, are interest rates going to rise or fall?
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Post by presidentofchad on Apr 21, 2023 2:38:23 GMT
Property values in CHAD will continue to skyrocket as it is the center of world civilization and where all the cool kids want to live. Especially the hot ladies so they can be near the CHADIAN men and socialize. Obviously, but the property I am talking about is in Hemel Hempstead where civilization goes to die.
And if I want AIDS I don't have to go to Africa to pick it up.
So, back to the topic in hand, are interest rates going to rise or fall?
There is no AIDS in CHAD, you've obviously been listening to discredited Gambian propaganda. |
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Post by yggdrasil on Apr 21, 2023 8:20:23 GMT
rise, obviously, when have they ever fallen long term?
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Post by mowlick on Apr 21, 2023 11:23:27 GMT
rise, obviously, when have they ever fallen long term? Throughout most of history.
You can't run a banking system for very long with sky interest rates. Still, as said, with inflation nibbling away at our modest savings, the best idea might be to pay off a chunk off the mortgage and reduce the overall debt.
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Post by Flying Monkeys on Apr 22, 2023 14:14:48 GMT
fall, obviously, when have they ever risen long term?
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Post by PaulsLaugh on Apr 23, 2023 12:30:41 GMT
If you’re homeowner, do you want them to fall? That’s your retirement.
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Post by mowlick on Apr 23, 2023 18:21:27 GMT
If you’re homeowner, do you want them to fall? That’s your retirement. ? |
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