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Old 24th September 2008 | 10:29
  #25 (permalink)  
Frogman1484
 
Joined: Jul 2005
Posts: 1,117
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From: Hong Kong
Just remember one thing , a lot of current cx pilots were not here during the 97 crash! I know of some guys that paid close to 5 mil for a flat in DB and even today they are only worth 3.5mil.

If you have a huge debt...I'm afraid you will be needing sleeping tablets to get some sleep. With interest rates at 2.35% and the USA about to dump nearly 1 Trillion dollars on the market (that is just what they printed last week for AIG) and another 700 Billion next week, inflation is going to be a big problem in the future and we all know where there is high inflation there will be higher rates!

Also it was only a few months ago that we 5% rates here...can you stomach 7% or 9%....
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