Quote:
Originally Posted by indes
I have a friend who bought a new house at the same time as we did (1.67%) and he went variable because "I've always had variable and it's always worked out".
I imagine lots of people are the same way.
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Which is generally true provided you can take the 3-4% it and the tripling of the interest portion of your loan. And if people were stress tested appropriately it shouldn’t create a contagion to the market.