Quote:
Originally Posted by Bonded
My biggest fear with housing, isn't oil waning and Calgary losing value. I am more concerned if interest rates return to 4-5%.
I think that would tank housing values. I wish I was old enough to buy in 04 hah.
|
I think rates were around 4-5% in 2004. When I was your age, my first mortgage was 6.75% in 2001. But for sure we've gotten used to bigger houses and lower rates.