Quote:
Originally Posted by Sliver
I don't get where we're supposed to have sympathy, though. Like, if below 2% wasn't low enough for people to lock in, then fata 'em. That's just gambling. Like, giant risk of rates going up and no real opportunity to go much lower, why would people opt for a variable rate? I don't get the logic.
|
I don't disagree- personally I am an always lock in type, so locked in a rate prior to the fall and still have 1.5 years left to look at another term. I think it's likely to end up very near my current rate.
I'm not saying this for the people who are now in jeopardy necessarily- what I think is important here is the responsibility of people leading important public institutions. These people in jeopardy IMO are not very different than people who are convinced to throw money in a ponzi scheme.