Replying to Avatar Keith Mukai

First roof repair (er, total replacement) estimates are in: $14k. 👀😭💸 Fucking fucking hell.

Question:

HELOC (variable) > home equity loan (fixed)?

My thinking:

* Rates will have to go back down over time.

* Given my conviction, it's better to spend my fiat stacking sats now than paying off this expense up front and having fewer sats later.
Avatar
21 Stackage 🦡 2y ago

Fixed rate is the move, it's much easier to plan around that

Reply to this note

Please Login to reply.

Discussion

Avatar
Keith Mukai 2y ago

But is there any likely scenario where interest rates shoot way higher than they are now?

Where all my macro big thinkers at? @npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a ? @npub1zrysysh8wq9zs3u5xzac9vf69we3wxrdj8rehns3japxdftqcqvsst8vpd ? @npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z ?

Avatar
21 Stackage 🦡 2y ago

The chance of rates climbing has been dwindling for a while but personally I prefer having a locked rate to dealing with the potential volatility of a variable rate. NFA of course lol

Avatar
Scott 2y ago

Rates went parabolic alongside inflation in Weimar. I couldn't stomach that risk even if it's miniscule odds.