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Deflation not all it's cracked up to be
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Brahamfiremen
Posted 11/24/2022 14:57 (#9948030 - in reply to #9947857)
Subject: RE: Deflation not all it's cracked up to be


Joe R - 11/24/2022 11:59

Anyone with an ARM on real estate money deserves that scenario. Why in the world would anyone of financed anything on adjustable rate the last 5 years when you could of locked in 20-30!year rates under 4%. I assumed that was a lesson learned from the 80’s. Never do an ARM



Because banks wanted 50% down on anything other than home loan, unless you went 3-5ARM.

Mine maxes out at 12% in 2028 IF interest gets that high.
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