I remember him saying on his Monday livestream that the rates may go down over time as they negotiate with dealers, but they’re a just trying to get it shipped.
After he said that I’m bracing for 8-10%
Discussion
Agreed, maybe it goes down with the fed rate too?
Yeah, probably. If I had to guess it’s a locked in 1 year loan, so the rate is probably closely tied to Fed discount just like the 1Y bond. Ideally, I’d just want a variable rate line or credit with some premium to those current fed rates. I like not having fixed payments so long as it’s severely overcollateralized
I’m hopeful and will probably use it if it’s decently priced. I trust Jack to make the best product he can