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TFSA - Why Bother Anymore
December 4, 2019
5:06 am
Alexandre
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November 8, 2018
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I must be one of few, but I would not mind interest rates going up, even if it will force real estate bubble to deflate.

After all, the only thing I am enjoying from house prices skyrocketing is higher property taxes, limited ability to move somewhere as price of new house even in more remote area than mine is out of my reach, and rent too high to consider selling house and living in an apartment.

This is on top of diminishing returns from Savings, due to dropping interest rates.

December 4, 2019
9:27 am
Vatox
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October 29, 2017
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Alexandre said
I must be one of few, but I would not mind interest rates going up, even if it will force real estate bubble to deflate.

After all, the only thing I am enjoying from house prices skyrocketing is higher property taxes, limited ability to move somewhere as price of new house even in more remote area than mine is out of my reach, and rent too high to consider selling house and living in an apartment.

This is on top of diminishing returns from Savings, due to dropping interest rates.  

Rising interest rates would be great for us savers, but they won’t rise anytime soon as there is way too much debt in the world and that’s also weighing down the world economy, which in turn, creates low inflation. High inflation is the main reason for central banks to raise rates. As much as I think it’s a bad idea, lower rates in our near future, are more likely. I’m hoping rates just hold for now.

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