edals
Well-Known Member
Excellent point on the interest rates. This is why I was firm with locking in at current rates for 3 years. I absolutely hate the unknown feeling and having to worry about if rates were to rise.
We could survive with up to around a 8 % interest rate, but much more than that I would hate to think of the struggle. But you find ways to pay this bills.
My parents when they built, the Interest rate was around 13%. Plenty of toasties and going with out alot of things for a fair while until they finally went back down. They got through it with 3 kids on a single income.
We could survive with up to around a 8 % interest rate, but much more than that I would hate to think of the struggle. But you find ways to pay this bills.
My parents when they built, the Interest rate was around 13%. Plenty of toasties and going with out alot of things for a fair while until they finally went back down. They got through it with 3 kids on a single income.