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A comment on Dutch entrepreneurs avoiding negative interest by opening multiple bank accounts. Parent comment

Re:Dutch entrepreneurs avoiding negative interest by opening... by SilasX on Wednesday September 01, 2021 @03:20PM (#28384418)
People absolutely should be holding cash if, as in the parent’s case, they’re looking for a home to buy :-p

Also, “don’t worry, just look at the monthly payment” is something that should only ever be said by a car salesman.

[ Parent | on HN ]
Re:Dutch entrepreneurs avoiding negative interest by opening... by arcticbull on Wednesday September 01, 2021 @04:10PM (#28384984)
On a 30 year fixed mortgage what else matters? That’s your monthly payment. Taxes I guess?

Depends how long you’re planning to save. You can hold treasuries or risk parity adjusted pairings. Or CDs ladders. Lots of stuff!

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Re:Dutch entrepreneurs avoiding negative interest by opening... by SilasX on Wednesday September 01, 2021 @05:54PM (#28385989)
As above, the same reasons why it’s bad to think of a car purchase purely in terms of the monthly payment.

> Depends how long you’re planning to save. You can hold treasuries or risk parity adjusted pairings. Or CDs ladders. Lots of stuff!

You don’t know how long the search for a home will take. That’s the point.

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Re:Dutch entrepreneurs avoiding negative interest by opening... by wahern on Wednesday September 01, 2021 @05:09PM (#28385538)
>> Also, “don’t worry, just look at the monthly payment” is something that should only ever be said by a car salesman.

> On a 30 year fixed mortgage what else matters?

I think the general criticism regarding monthly payments is more targeted at products like interest-only mortgages, which were hot in the early oughts. Those aren't as common these days. Maybe some people have 10/1 ARMs and similar in mind, but that's a stretch. (Anyhow, today the spreads between ARMs and 30-year are ridiculously small.)

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