Re:The Era of Very Low Inflation and Interest Rates May Be N...
by amag on Thursday April 26, 2018 @05:21PM
(#16935928)
> Those who have borrowed come out ahead, on average.
I once stayed in a hotel room where the shower had the heat I wanted on average, it was horrible.
But when it comes to real estate, as long as you can afford the increase in interest you'll probably be fine. My concern, here in Sweden at least, is that given the current real estate prices here, I can't see how people with average incomes can afford a more normal interest rate like 4-5%.
Re:The Era of Very Low Inflation and Interest Rates May Be N...
by klipt on Friday April 27, 2018 @04:12PM
(#16943907)
In America, most people get fixed-rate 30 year mortgages, so if you buy now, even if interest rates rise subsequently, your monthly payment doesn't change for the next 30 years.
I once stayed in a hotel room where the shower had the heat I wanted on average, it was horrible.
But when it comes to real estate, as long as you can afford the increase in interest you'll probably be fine. My concern, here in Sweden at least, is that given the current real estate prices here, I can't see how people with average incomes can afford a more normal interest rate like 4-5%.