Quote:
Originally Posted by Sylvanfan
Couldn't you also lock in your natural gas rate on long term contract if you were really that at risk where a $150 a month increase for 4 months was going to drive you into financial ruin?
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http://www.theglobeandmail.com/globe...rticle1538686/
Henry Groppe is betting on higher natural gas prices.
It is similar to how a mortgage works and like comparing a variable rate to a fixed rate. Most natural gas marketers offer 3 year, 5 year or blended rates. Once you select your term your fixed rate will not change for the term you have selected. $12 natural gas would be much more then $150 per month. Couple this with rising interest rates and increasing inflation and real estate values are impacted. I wouldn't count on the government to fire up the natual gas rebate program again if prices increase.