I just locked in a mortgage rate yesterday. Now theres alot of talk about negative interest rates...

do they really offer 30 year fixed rates?

uk standard is 2 or 5 fixed years (at ~2%)

Yes, do they not have fixed 30yrs in the UK?

Why would anyone get into debt ?
I can only think of retardation, but there must be others reasons.

this. when rates go up you need to worry because of the effect it can have on value. rates going down is good for value and you can just refinance once it goes down enough to be profitable

>why dont people just live in a shack in the middle of nowhere instead of leveraging cheap money to invest in education and real estate

How is your parent's basement treating you?

I already mentioned retardation, why are you wasting posts like that ?

>why don't people go into nondischargeable debt slavery?

Are you two niggers really so stupid you cant understand the concept of paying something off before maturity?

Again, why get into debt in the first place ?
Aside from retardation.

Because debt isnt necessarily a bad thing. It's a tool that allows leverage for an individual to seize or create opportunities.

>overabundance of bank credit + government guarantees inflates education prices such that they take your entire adult life to repay
>import millions of immigrants to suppress wages over multiple generations
>remove dischargeability of student loan debt in bankruptcy
>goy why don't you want this?

Fixed rate? Variable rate?

But this is an high-risk negative-return deal.
Anything goes wrong, and you're stuck into debt-slavery.
Everything goes right, and you may be a little bit better off.

I DO NOT UNDERSTAND

us mortals will probably not see the positive effects of negative rates by borrowing money. your bank will make sure that you always lose. even if it's just a bit. rates too negative? client fees will have to be raised. either way you are fucked.

Because the yearly interest is less than a year of rent. It's just a good trade if you are a good trader. What am I gonna do, live under a bridge?

Why would rates have any effect on value? If anything, I would guess house prices are positively correlated with mortgage rates because if people buy more houses, both go up at the same time

All I'm saying is at the end of the day, debt is a tool to be used in certain situations. Whether it's a company leveraging variable debt instruments to purchase equipment in a falling rate enviroment to increase revenues or some boomer asshole taking out a 9% subprime loan to buy a 2012 master craft, not all situations are the same, obviously.

Nor are all individuals are the same, alot of people make terrible choices with money. Some take out 40k in loans to get an english degree at a state school.
Some take out 20k in student loans after they've saved enough money so they can finish a stem degree and land a decent job.

One thing that never gets mentioned on this board is how a debt based economy offers way more opportunity and flexibility to a much larger number of people in terms of materials and quality of life that could never be matched by a currency backed by pms.

Now, I'm not saying its flawless, far from it. Purchasing power decreases every year. But it's my theory that a debt based economy is something akin to survival of the fittest. If you know how to leverage this tool and make it work for you then great, if not then enjoy a pretty mediocre existence. At the end of the day you cant take your money to the next life.

If I give you 100000$ and you have to pay me 1000$ a year until you pay me back, would you do it? If you answer no you are retarded.

I rather rent, save, and invest the money(pm, real estate,business,stocks.etc)

Homes nowadays are made by banks. At my "apartment" I get 2 jacuzzi's , a fitness center, 3 pools, a balcony, plus someone cuts the lawn every other week. I also have a bar, bbq place, and ice cream shop 2min walking distance from my front door.

With a mortgage you are locked into debt, at your job, and the banks make a ton of money off you in repairs, maintenance, upkeep, property taxes, heating, cooling, security, decorating ect, ect.

No.

Most cattle are retarded, resulting in most of these filth getting into hopeless debt, requiring regular jubilee, creating instability into the economy that compound into collapse.
The only argument i would consider is the case of the company, but even then said company have the option of letting people invest in it.

>if you are a good trader
Yes, yo uwill live under a bridge, it's only a question of time.

it's like locking in your btc price on ledger you're fine

>Most cattle are retarded, resulting in most of these filth getting into hopeless debt, requiring regular jubilee, creating instability into the economy that compound into collapse.
>The only argument i would consider is the case of the company, but even then said company have the option of letting people invest in it.
you're confusing a bug for a feature

Yes.

when the vast majority people go to buy a house they are looking at making a down payment and then having a monthly payment after which is principal+interest+taxes. when rates go up, all else equal the price someone is willing to pay will have gone down because all that will have changed is now the monthly payment is higher. I'm not saying that in a hot real estate market a rate drop or increase will always be visible. "all else equal" is not the case in reality and the impact of rate changes is often overshadowed by things like demographic movements, area wages, zoning restrictions limiting new construction, etc., etc. but rates do have an impact, which is mostly seen on the change they have on monthly payments and the impact that has on what people can afford to bid or offer on a sale.

>muh education
everything is available for free on the internet you brainlet

If you can't get an allodial title its best to rent forever

gotta pay for dat credential do

A mortgage isnt debt. When you take a loan out your liabilities increase by the size of your mortgage and your assets increase by the price of your house. Net zero.

Well you are retarded then. Because you can get a higher return on that money.

wup it or nup it

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Whether people buy a house realistically only depends on how hard banks want to push mortgages, imo. Otherwise people will rent forever, especially if a big downpayment is required which is honestly an unsormountable hurdle for most people. For the last decade, house prices in europe have been going down together with rates, so your theory doesn't really seem to fit the data.
The problem with your analysis is that you are relating mortgage rates with interest rates, but not accounting for the mortgage rate spread which probably tends to counteract the variations in the risk free rate.

I'm currently looking into mortgages and I've seen maybe 1 bank offer a 10 year fixed rate.

We can do 5% deposit though.

idk where you live buddy but in this country you'll pay more on rent than you will on a mortgage.

Daily reminder that if you can't pay cash you can't afford it.

>We can do 5% deposit though
Help to Buy only. And you should stay away from them

America?

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Kind of true. But also getting spoon fed with a qualification at the end is also good. Most (real) education institutions are actually worthwhile

Not him, I live in orlando, anything decent is 1700$ for two people to rent.

No not at all.
I think its a recent change to allow 5% deposits but I can absolutely get say a Natwest that isnt help to buy.

I wonder what kind of spread you would get on suck a low deposit tho.

>in like fucking Sweden, where in that case the bank actually has to pay you a small sum of money for interest.

wow, even the banks are cucks in sweden.

Pumping the housing market to protect against Brexit. Don't expose yourself too much especially if you're in the south-east or another highly inflated market

This is true, but even if you have the cash you might be better off getting a mortgage.

it means you are just a goyim.

Kind of true. But if you default you risk taking a huge hit from a low sale in foreclosure

>this is rare
won't be in 12 months. the fiat endgame is here

What fucking state? A decent apartment is at least $1400 in Houston