Boiler Room: The Official Stock Market Discussion
Insensitive
Superstar
I was hoping that the rate cuts would come much later.
I wanted at least another 10 months to save and get property #2.
I wanted at least another 10 months to save and get property #2.
BlaxOps
Pro
Wouldnt lower rates benefit your loan?
Insensitive
Superstar
Sort of ?
I'm an investor so when I buy in, that means a higher interest rate (for me).
Owners see 6% but I'm going to see closer to 8% when I out for a loan, so a lower interest
rate is of course nice.
I'm mainly concerned with lower interest rates pushing investors with larger portfolios back into
buying properties and taking on more debt.
As money gets cheaper, that leads to more competition which leads to higher costs/rates for properties.
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BlaxOps
Pro
Makes sense. Thanks for the explanation.