Lets say someone would today around here purchase 4 quarters for an even million dollars total. For every one percent over floating the extra interest is 10, 000 dollars. Or 2500 per quarter. Interest alone at 4 percent floating is 40, 000. Or ten grand per quarter. Sun of a bitch I am glad I am not buying land today. And is there not something better to do with extra cash these days than buy land and then comes new machinery. I guess land will always go up from what I hear.
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Bg our system has made people borrow as much as they can so they can buy as much as they can. Interest rates may well stay low forever from now on. Rkaiser should be thankful he has a bank to deal with. Wonder how his relatives would respond if he tells them to go to hell. Haha just an example.Comment
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Consider fcc gets a good rate on their rates 4 percent is what I would call highway robbery or loan sharking.Comment
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And you are saying what Hopper? I will engage if you like.Comment
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I cannot fight you rkaiser. I know I have a nephew that is all like you. I wont win.Comment
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Long term rates go up when the risk of interest rate increases looms.
Currently can't see that happening any time soon.Comment
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Klause you are taking a big risk for a small gain IMO.Comment
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Fight Hopper? Just wondering what you meant by your comment.Comment
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Dearest Hopper. Please refer to the thread concerning the bank of Canada for my answer to your bull shit comment about my relatives. God bless you and your relatives my friend. Especially your nephew.
As far as the rest of you trying to figure out "interest rates" you could all learn a few things from that thread as well.Comment
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Just for you Hopper. And your nephew.
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