Quote:
Originally Posted by blankall
Interest rates are low, and borrowing money is dirt cheap. It's not a mystery. The feds are printing money and actively encouraging the banks to give it to people.
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What happens when interest rates rise?
Are enough people locking-in to prevent the cost increase?
I own a condo and have no intention of leaving downtown for the burbs so this market really doesnt affect me. But i have considered taking out a small mortgage on my place to fund some reno's.