Quote:
Originally Posted by Flash68
I knew the replies to this would be ..... interesting. 
If there was a bank (or individual) risk tolerant enough to lend for this, the interest rate/fees would be (should be) astronomical enough to make you say no thanks. |
Free market interest rates to reflect risk would be ideal, but since the rates are fixed at the top, they don't reflect reality. Now they're set artificially low to encouraging borrowing. What could go wrong? lol
If someone was to keep their cash liquid and borrow money to finance a resto at 1.9%, I can't say I'd blame them though.
I'm glad Lat-G has its own Ben Bernanke smiley. LoL!
