Anyone else's office freaking out?

[Doug]

Originally Posted by Myka

I can just imagine what might happen if interest rates go up like they did in the 80s!!

Believe me, you dont wish to see that again. I remember when a freind locked in for 18.75% for 5 yrs. as it was a bargin. Tunred out not to be but thats what we all thought at the time.

Imagine that now, with the price houses are worth and the large mortgage people now have. The housing crisis in the states would be nothing compared with that senario.

FWIW, I dont see it ever going there again though.