We've gotten complacent when it comes to low interest rates. If you are in a position to buy and have the need, there has never been a better time. In addition to rates being low, housing prices are bumping along the bottom too.
Don't look back and say coulda, woulda, shoulda. History shows you where the rates could be just around the corner. Does anyone else remember the 12% interest loans like I do?
Thanks for the reminder Mike!
Pretty, isn't it? It won't last.
The same is true with the extraordinarily low interest rates available right now.
They won't last.
Don't be a spectator. Jump in and get that low-interest-rate nectar while the getting's good.
Real world conditions
- The US has more than $8 trillion in Treasuries outstanding. That's nearly double the amount just three years ago.
- China, who holds much of our debt, is experiencing a real estate bubble, with values up nearly 12% from a year ago. It's economic expansion is slowing, though, and that's going to be a problem.
- Europe hasn't figured out how it's going to solve the sovereign debt problems of members Greece, Portugal & Spain.
The risk of hyper-inflation has not gone away, and no one in the press (other than talk-radio stations) is taking Congress or our present Administration to task for fiscal irresponsibility.
I'm just sayin...
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I remember a time when I wasn't sure if interest rates would ever be below double digits again.
Hi Jon - I do too but our kids have never experienced that. It will be an eye opener for many when they start the climb again.
Kathy,
Ain't that the truth! Thanks for the reblog.
Mike in Tucson