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Whinge of the day thread...
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<blockquote data-quote="Gold1hunter" data-source="post: 641984" data-attributes="member: 14696"><p>Oh </p><p>WTF! I just don't get why so many people are freeking out about mortgage rates, you can't expect to be getting virtually free money forever!</p><p>Wind the clock back to 1990 when my mortgage was 16.5% ($2,200pcm repayment) and my $45,0000 car loan was 19.5% (1,290pcm) </p><p>Figure out your repayments at those rates to experience the real pain of raising interest rates.</p><p>All this back in the days when a good (at the time) bubble jet printer cost $1,200 a basic 26" tube TV $1,000 a rear projection TV $9,000 and a plasma TV $40,000 credit cards @ 24% personal loans 20%</p><p></p><p>Now it's "oh no it might go up to 4 or 5%"</p><p></p><p>HA!</p></blockquote><p></p>
[QUOTE="Gold1hunter, post: 641984, member: 14696"] Oh WTF! I just don't get why so many people are freeking out about mortgage rates, you can't expect to be getting virtually free money forever! Wind the clock back to 1990 when my mortgage was 16.5% ($2,200pcm repayment) and my $45,0000 car loan was 19.5% (1,290pcm) Figure out your repayments at those rates to experience the real pain of raising interest rates. All this back in the days when a good (at the time) bubble jet printer cost $1,200 a basic 26" tube TV $1,000 a rear projection TV $9,000 and a plasma TV $40,000 credit cards @ 24% personal loans 20% Now it's "oh no it might go up to 4 or 5%" HA! [/QUOTE]
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