Personal Finance

Interest rates rising next year, prepare for a world of pain

  • Last Updated:
  • Mar 22nd, 2017 2:06 pm
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[OP]
Penalty Box
Nov 18, 2014
662 posts
548 upvotes
Toronto, ON
Firebot wrote:
Jan 21st, 2015 3:13 pm
Timing wrong? You even got the direction wrong buddy. You got everything completely wrong. :facepalm:
1 unforeseen blip, doesn't change the end result. Unless you foresaw the oil crash?
Deal Fanatic
Mar 24, 2008
5088 posts
1167 upvotes
Toronto
rkanwar109, Lmao at you signature... what forum is that from?
Deal Addict
Aug 12, 2004
3817 posts
1083 upvotes
Calgary
rkanwar109 wrote:
Jan 21st, 2015 3:54 pm
1 unforeseen blip, doesn't change the end result. Unless you foresaw the oil crash?
Actually it does change the end result. It completely changes the end result. Put down the kool-aid. Read your original post.
rkanwar109 wrote:
Nov 25th, 2014 12:13 pm
http://business.financialpost.com/2014/ ... oecd-says/


Most people who've taken out mortgages were only concerned with the monthly payments, and not what would happen when the interest rates rise. Oh boy, there's going to be a lot of homes on the market in the next few years.
Mortgage payments are now going to drop even lower. Interest rates are going lower. It's the complete opposite of your claim before. Unless you are debating now that interest rates lower = higher mortgage payments? Sure I guess, if you acknowledge it means housing will go higher :D .
Penalty Box
Apr 16, 2012
3565 posts
677 upvotes
Greely
The pain is definitely being felt...amirite?
[OP]
Penalty Box
Nov 18, 2014
662 posts
548 upvotes
Toronto, ON
techcrium wrote:
Aug 17th, 2015 4:13 pm
The pain is definitely being felt...amirite?
Bump this thread in another month when the feds raise rates. I can already see the anger seething out of you.
Penalty Box
Apr 16, 2012
3565 posts
677 upvotes
Greely
rkanwar109 wrote:
Aug 17th, 2015 4:17 pm
Bump this thread in another month when the feds raise rates. I can already see the anger seething out of you.
oh yeah im definitely angry.

I will be furious when I bump this in 2016 Jan and interest rates still haven't increased.
[OP]
Penalty Box
Nov 18, 2014
662 posts
548 upvotes
Toronto, ON
techcrium wrote:
Aug 17th, 2015 4:21 pm
oh yeah im definitely angry.

I will be furious when I bump this in 2016 Jan and interest rates still haven't increased.
Is that a prediction?
Penalty Box
Apr 16, 2012
3565 posts
677 upvotes
Greely
rkanwar109 wrote:
Aug 17th, 2015 4:23 pm
Is that a prediction?
Oh I honestly don't know if interest rates will increase or not.

However, what I do know is that when it doesn't, I will definitely bump this thread and CRY of ANGER!!!
[OP]
Penalty Box
Nov 18, 2014
662 posts
548 upvotes
Toronto, ON
techcrium wrote:
Aug 17th, 2015 4:28 pm
Oh I honestly don't know if interest rates will increase or not.

However, what I do know is that when it doesn't, I will definitely bump this thread and CRY of ANGER!!!
Good call, you clearly do not have the mental capacity to make predictions.
Sr. Member
Jan 27, 2015
903 posts
334 upvotes
Edmonton, AB
This just proves that no one knows the future, and timing the market is a choice made only by a fool.

Interest rates will eventually rise.
When? No one knows.
By how much? No one knows.

What I do know is that these low interest rates is fuelling an unprecedented supply of money in the economy, which will directly result in higher than normal inflation. For the record, the CPI is not a true measure of inflation.

A home is a huge hedge against inflation, as we all know. All this will do is further make homes more "valuable" or "unaffordable" depending upon your frame of reference. So a future increase in interest rate won't be so bad as more people will have more equity in their home, thanks to the magic of inflation.
Deal Addict
Apr 13, 2015
1108 posts
209 upvotes
rkanwar109 wrote:
Aug 17th, 2015 4:30 pm
Good call, you clearly do not have the mental capacity to make predictions.
I guess that describes the vast majority of financial advisors who were all warning of rising interest rate as long ago as 2010. Here we are approaching 2016 and ..... well, no rising interest rates as we dip into another recession. So, smarty pants, make your prediction!!
Deal Addict
User avatar
Apr 12, 2005
1283 posts
71 upvotes
rkanwar109 wrote:
Aug 17th, 2015 4:30 pm
Good call, you clearly do not have the mental capacity to make predictions.
It's funny how you can continually insult people when your prediction is completely wrong.

You deserve to be laughed at.
Banned
User avatar
Nov 1, 2014
4317 posts
546 upvotes
Toronto, ON
I love op...his threads are funnier than the ones in Off topic..esp his great one today on HBP repayment lol

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