Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 13, 2019 13:46:04 GMT
has to end this world record low rates. tbh i've had enough of people everywhere here loaning money day and night to out do the neighbours.
i know normal working class people here with 400k mortgages and other huge debts.
when rates go back to normal i predict half of sweden going bankrupt.
what we did with low rates is use it to our advantage and pay off our mortgage asap. we now owe zero krona to nobody..not even a mobile phone on credit.
we are fully prepared for the up and coming interest rate rises. many swedes just think oh our house is worth more now lets just loan more money to buy a loada shite we dont need.
global problem this is..having rates this low for this long has created a huge bubble that is about to burst
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 13, 2019 14:13:21 GMT
has to end this world record low rates. tbh i've had enough of people everywhere here loaning money day and night to out do the neighbours. i know normal working class people here with 400k mortgages and other huge debts. when rates go back to normal i predict half of sweden going bankrupt. what we did with low rates is use it to our advantage and pay off our mortgage asap. we now owe zero krona to nobody..not even a mobile phone on credit. we are fully prepared for the up and coming interest rate rises. many swedes just think oh our house is worth more now lets just loan more money to buy a loada shite we dont need. global problem this is..having rates this low for this long has created a huge bubble that is about to burst I think you're dead right Rudi. Look at the way UK car makers are pulling back production and the state of the Chinese export market. The signs are there mate. Unless we're really lucky, things are set to go down the pan soon. |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 13, 2019 14:26:32 GMT
They whole planet is gonna crash when rates return to normal. i know people that get their house valued every 6 months then immediatly loan the amount it's risen by   mostly to buy cack they dont need..swimming pools. flash worthless german cars..flash holidays..these fools will end up ruined i garantee you that..problem is many are too young to remember when rates were 15 percent..old gits like us remember it like it was yesterday |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Jan 13, 2019 16:21:47 GMT
has to end this world record low rates. tbh i've had enough of people everywhere here loaning money day and night to out do the neighbours. i know normal working class people here with 400k mortgages and other huge debts. when rates go back to normal i predict half of sweden going bankrupt. what we did with low rates is use it to our advantage and pay off our mortgage asap. we now owe zero krona to nobody..not even a mobile phone on credit. we are fully prepared for the up and coming interest rate rises. many swedes just think oh our house is worth more now lets just loan more money to buy a loada shite we dont need. global problem this is..having rates this low for this long has created a huge bubble that is about to burst I think you're dead right Rudi. Look at the way UK car makers are pulling back production and the state of the Chinese export market. The signs are there mate. Unless we're really lucky, things are set to go down the pan soon. I also think you are right, Sh#t gonna hit the fan soon.....And when it does it's gonna be messy. |
|
|
|
Post by macca on Jan 13, 2019 17:09:46 GMT
If interest rates rise significantly there will be a bust. That's why they won't rise significantly. They will creep up over a few years by a quarter of a point here and there. That's my prediction.
Interest rates go up to control inflation/currency values and neither is a problem at the moment.
I still wouldn't fancy having £400K out on an interest-only mortgage though. Or any kind of mortgage.
|
|
