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I lie impaled by your rapier-like wit. Seriously, WTF are you talking about? It's OK if you don't know...

Can someone translate for me?

You're too kind :o I had to make the point because it scares the living hsit out of me that there are investors and (particularly) FHBs making decisions on the economics of a purchase based on today's interest rates. Lots of talk about long investment horizons but doing the maths on 5.5%...

No-one should be making a decision that only works under today's interest rate environment. These rates are a direct response to the real threat of a major recession and are, in historical terms, an aberration. Ancient banker's rule of thumb, if the deal doesn't stack up at 8%, it doesn't...