Originally Posted by
LapSap
and you
“Lived through the 80s interest rates…”
What? So you’re 49 or less now? What was the impact of the 80’s interest rates on you at 17 or less??
Folks set up an interest baring account for me, basically doubled my money every few years, also they bought property at 50% of the build costs in the early 90s. I was well and truely aware of where you want to be when rates climb, low debt and cash in the bank. Again its not luck, the financial world works on cycles, be smart and plan where you want to be for each phase. There were seriously people a few years back saying rates would be low for 20 years, not how the cycle works, record low rates wont cut it for long.
Low rates for inflation is ike poking a sleeping bear with a stick. It eventually wakes up and it will not be happy.