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  #1  
Old 07-22-2009, 06:05 PM
trent trent is offline
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Default Is the crisis affecting your borrowing?

Is this crisis affecting your borrowing? Have you cut your borrowing and are you trying to repay debt faster now?
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  #2  
Old 08-04-2009, 04:09 PM
Canadian Canadian is offline
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I've always tried to be debt free, and this hasn't changed a bit. The only difference is that now I can say to my indebted peers "I told you so" .
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  #3  
Old 08-06-2009, 05:17 PM
Steven Steven is offline
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I've stopped borrowing, and I'm focusing on repaying my debt as fast as I can.
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  #4  
Old 08-10-2009, 09:02 PM
Canadian Canadian is offline
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Quote:
Originally Posted by Steven View Post
I've stopped borrowing, and I'm focusing on repaying my debt as fast as I can.
That's what I would do if I had any debts.
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  #5  
Old 08-18-2009, 02:46 PM
trent trent is offline
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It looks like many fools are borrowing cheap money, hoping that the current super-low interest rates will last forever and will help inflate their over-leveraged property purchases even further. The rates will increase very soon, with all this crazy government borrowing, and even if they manage to suppress them for another year the real estate will be in the tank well before that (if you don't believe me look at the Japan's leading experience with artificially low interest rates).
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Old 08-19-2009, 03:15 PM
bullish bullish is offline
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Quote:
Originally Posted by trent View Post
It looks like many fools are borrowing cheap money, hoping that the current super-low interest rates will last forever and will help inflate their over-leveraged property purchases even further. The rates will increase very soon, with all this crazy government borrowing, and even if they manage to suppress them for another year the real estate will be in the tank well before that (if you don't believe me look at the Japan's leading experience with artificially low interest rates).
The rates will be low for years, and if you are hoping that with such low rates real estate will stop surging you are plainly naive.
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  #7  
Old 08-24-2009, 02:23 PM
trent trent is offline
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Originally Posted by bullish View Post
The rates will be low for years, and if you are hoping that with such low rates real estate will stop surging you are plainly naive.
We'll find out who is naive soon enough. Everybody is so sure that the rates will be low forever, which means only one thing - it won't last much longer.
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  #8  
Old 08-25-2009, 02:28 PM
Canadian Canadian is offline
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This crisis is not over, just remember that and will affect how the majority of us spend money for many years to come.
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  #9  
Old 08-25-2009, 11:34 PM
MollyGroove MollyGroove is offline
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Default ...

I've always tried to repay debt ASAP, but we've actually borrowed more this year than last. NOT saying that we went crazy with it or anything, but before the recession hit, we were in a pretty bad position. That is not the case now. This past year has been pretty good to us, despite the recession.
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  #10  
Old 08-27-2009, 02:49 PM
Steven Steven is offline
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Quote:
Originally Posted by MollyGroove View Post
I've always tried to repay debt ASAP, but we've actually borrowed more this year than last. NOT saying that we went crazy with it or anything, but before the recession hit, we were in a pretty bad position. That is not the case now. This past year has been pretty good to us, despite the recession.
I guess borrowing more is OK if your financial situation is better and if your income is secure. My income is about the same as last year, however the feeling of a job security is gone
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