Originally posted by BlueSky
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I haven't been part of Ron's group for over a year now so I won't know.
With the friends that I connect with who are still part of the group, there aren't anyone that I know got burnt that I am aware off.
My net cashflow is $80k/year, and I have no mortgages on my own home, so if interest rate shoots up to 7%? I just go get a job in the council perhaps haha!
There will be many businesses and property investors developers go bankrupt if interest rate goes up to 7%.
If you understand how the economy, Federal Reserve works, interest rates will never go up to that. Many people still believe interest rates will go to 7%, 20% etc. If that happens, you got more things to worry about than the health of my portfolio!
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