Is the Treasury Market ok? \ stacker news ~econ

We have fixed rates in Canada but you can only get a 5 year term and then you have to renew at whatever the prevailing rate is. It is still based on a 25 or 30 year mortgage period. I do think 10 year terms are available but they are rare.

Fixed is more common now since rates began to rise but from the 90s to 2020, other than a couple blips along the way, rates pretty much only went down so it made sense to get variable because you would get a better rate.

0 sats \ 0 replies \ @Undisciplined 15h

That makes sense...until it doesn't. Our relatives who got an adjustable rate mortgage, on the assumption that rates only ever go down, really paid a hefty price.

79 sats \ 10 replies \ @Coinsreporter 16h

The tenure for a home loan is a subject to individual choice here. But in most cases, I've seen 15-20 years. The interest rates are generally fixed. From most banks it's anywhere between 8% to 10% currently.

60 sats \ 9 replies \ @Undisciplined 15h

Loan duration used to be lower, but has been 30 as long as I remember. There's talk of 50 year mortgages, because they're so expensive at 30.

We're trying to workout how to make a 15 year mortgage work, if we move.

79 sats \ 0 replies \ @Coinsreporter 15h

In Indian cities, people working there usually buy flats instead of homes, they at the least, from my knowledge, cost around $25000. The repayment EMI costs around $250/month for 20 years. Nit a big deal, right? Houses also don't cost much more than this if bought in a very nearby suburb. Where I live is a town at least 100 kms from a big metropolitan and I bought a piece of land (42×55 sq yard) in approax $25k 6 years ago. Currently its valued 4 times more because of the spread of residences around it. For such reasons, I still believe that buying property in India is/can be an alternative to Bitcoin.

There's no house tax or insurance required for property in India is a big plus.

36 sats \ 7 replies \ @grayruby OP 15h

50 year mortgage is great. You will pay much more in the long term but if you take the difference in the monthly payment and invest it elsewhere (bitcoin) you will probably do very well.

I say go all or nothing. Have the longest mortgage possible or none.

50 sats \ 6 replies \ @Undisciplined 15h

I can't imagine being able to sell my wife on a 50 year mortgage.

view replies

0 sats \ 3 replies \ @grayruby OP 16h

That’s a 1yr?

30 sats \ 2 replies \ @Coinsreporter 16h

Yes.

20 sats \ 1 reply \ @grayruby OP 16h

What is inflation rate?

40 sats \ 0 replies \ @Coinsreporter 16h

5.48% in November.

20 sats \ 0 replies \ @BitcoinIsTheFuture 8h

Yeah it’s all out of whack. Not sure what happens next. Should be bad, but maybe the government interjects

41 sats \ 10 replies \ @Undisciplined 17h

It's probably fine. Have you seen what's going on in the rest of the world?

88 sats \ 8 replies \ @siggy47 17h

That's true, but does that mean much, considering how the US fed basically calls the shots worldwide? Isn't it a little concerning that the joystick isn't controlling the plane?

132 sats \ 0 replies \ @SimpleStacker 12h

Isn't it a little concerning that the joystick isn't controlling the plane?

An apt description of Joe Biden and the last 4 years

69 sats \ 2 replies \ @grayruby OP 16h

Nothing another Fed acronym program can’t fix right, right?

40 sats \ 1 reply \ @Undisciplined 16h

Do you have one cooked up for them?

25 sats \ 0 replies \ @grayruby OP 16h

Ha! I don’t have enough degrees from elite universities to be charged with such an important task.

I will stick to mocking the Fed’s acronym programs by naming betting strategies in their style.

81 sats \ 3 replies \ @Undisciplined 16h

Maybe. I feel like the whole time I've been following this stuff, people have been wrongly freaking out about the debt and the flight to safety aspect has always prevailed.

Maybe this time is different. We'll see. I'd be more concerned if the rest of the world were stable and the Treasury market was weird.

74 sats \ 2 replies \ @grayruby OP 16h

Doesn’t seem to be much demand for long term paper. Everyone wants those juicy short term treasuries. Not sure where we go from here. Fed wants to slow rate cuts because it is worried about inflation roaring back but the Treasury has issued a shit ton of short term treasuries the past couple years that will need to be rolled over. Something has to give.

50 sats \ 1 reply \ @Undisciplined 16h

Each new paradigm seems less sustainable than the last. We know how this story ends, but we have no idea how many more chapters the hack author is going to jam in.

31 sats \ 0 replies \ @grayruby OP 16h

Agreed

32 sats \ 0 replies \ @grayruby OP 17h

Haha yeah. Definitely the nicest crack house on the street.

40 sats \ 1 reply \ @denlillaapan 15h

Probs not

0 sats \ 0 replies \ @grayruby OP 15h

Succinct.

40 sats \ 1 reply \ @realBitcoinDog 15h

So are you on X?? What’s your handle?

10 sats \ 0 replies \ @grayruby OP 15h

@stacker_sports

This is the only X handle I use now.

Just followed you.

I don't post often. So many bots now. But I like to peruse what people are talking about.

0 sats \ 0 replies \ @Solomonsatoshi 14h

US and China are at war via proxies. That war is ultimately about who controls the global MoE.

https://www.nytimes.com/2022/02/20/us/politics/russia-china-ukraine-biden.html

US still seems to have the upper hand, Syria was a good move. But China is still winning the trade war...and this war is being fought on multiple fronts and will not be resolved swiftly. Even the Japanese struggle to compete with Chinese EVs. Use of Chinese currency for trade payments will probably expand beyond Russia, Iran and N.Korea to other economies and the dominance of the USD is in clear medium term decline. Trumps threats to BRICS nations acknowledges this. Short term USD remains dominant, though in decline - Long term USD/USA is trading while insolvent.