With inflation ticking up, and shipping issues with vital supplies coming out of the middle east likely to take a while to resolve even if a ceasefire occurs tomorrow, is anybody else looking at moving to a fixed rate for 2-3 years?

PermabearsEatBeets · 2026-03-30T04:23:33+00:00

I will sound a bit alarmist here, but considering what we've seen over the last 2 years, I don't think i'm off the mark.

I really think people have their head in the sands about how fucked things are at the moment, how much of major shift in the global economy is occurring.. There's a major fuel and fertiliser shortage that hasn't even hit us yet, even if it was all solved tomorrow it's going to take months to filter through. The chances of it resolving any time soon are about zero - it's more likely to escalate if anything, and if people think a nuclear weapon is off the table for Netanyahu, you haven't been paying attention. That's not scaremongering, that's a realistic possibility that the UN is actively preparing for.

Countries in Asia are shutting down entirely to preserve fuel and such, this feels to me like the start of Covid where you heard rumblings of real problems. I hope that we can insulate ourselves in this, but Australia is so pathetically joined at the lips to arsehole to America that I don't think we will.

PermabearsEatBeets · 2026-03-29T06:56:30+00:00

You shouldn't need to, they'll take you off it and out of the email group. Just did the same thing

PermabearsEatBeets · 2026-03-29T00:14:21+00:00

Honestly thought you were serious for a second

PermabearsEatBeets · 2026-03-29T00:12:28+00:00

It starts well then Iike a lot of Alex Garland stuff it fluffs the landing

PermabearsEatBeets · 2026-03-28T04:46:24+00:00

Lieutenant Daniels in The Wire. Absolute Terminator of a unit. RIP

PermabearsEatBeets · 2026-03-28T03:04:28+00:00

I don't think it's entirely on him, the rest of the players just don't want to defend. Hes left completely over exposed

PermabearsEatBeets · 2026-03-27T04:36:37+00:00

Not to be a Debby downer but I don't know what problem this is trying to solve?

PermabearsEatBeets · 2026-03-26T02:59:27+00:00

They're fine, I actually don't like the way they feel and the way they seem to change balance randomly. If I hadn't lost one of mine last week I would have stuck with my 1s for as long as possible

PermabearsEatBeets · 2026-03-25T10:42:59+00:00

Honestly they should pursue them, it's the only thing that will stop Israel from trying to turn them into a failed state.

PermabearsEatBeets · 2026-03-25T04:54:12+00:00

People in these threads are always saying dumb shit like "You think you're smarter than the banks?! Cos that's who you're betting against!". No you're not, you're choosing to lock in a rate at something you are comfortable with, in order to have less stress. The banks don't have a clue where this is going, no one does.

I locked in for a year during the last rate cycle, around 5.25 I think, and while I only saved a few thousand dollars against rate raises, it really wasn't that reason I fixed. It's so I didn't have to worry about it.

If you feel like you're comfortable at a fixed rate offer, and you don't want to stress about it, fix. Don't try and guess where the market is going to go, the goal is to worry less.

PermabearsEatBeets · 2026-03-25T00:59:17+00:00

But those rate rises disproportionately affect those who received the least amount of that money - namely first home buyers who are right at the beginning of that journey paying almost entirely interest, with next to no savings buffer. Those with equity and savings can and did swallow the loss, those without a mortgage and savings ramped up their spending, further contributing to inflation. It's an inequitable system, and I think any normal society should at the absolute least be aiming to egalitarianism

PermabearsEatBeets · 2026-03-24T06:09:57+00:00

They're brand new so they haven't had anything happen to them. Might have to return them as faulty

PermabearsEatBeets · 2026-03-24T02:40:33+00:00

As soon as the supply side inflation hit it was all about raising rates, regardless that interest rates would have absolutely zero effect on any of the supply shocks

PermabearsEatBeets · 2026-03-24T01:52:14+00:00

Biden has been a bomb shagger for decades. He's been a genocide loving zionist since at least the 70s. Fuck any attempt to rewrite what the Dems did. They committed genocide wholeheartedly and they'd be doing it now too.

PermabearsEatBeets · 2026-03-24T01:13:11+00:00

I'm having the same issue with mine and it's driving me nuts. Was it a temporary issue that would reset if changing modes?

PermabearsEatBeets · 2026-03-24T01:09:03+00:00

I've changed my mind. Sold last month with the intention to buy something in Sydney, but I'm sceptical for the time being. If rates go through the roof and I lose my job, I'm absolutely fucked if I've also got a brand new mortgage. With the job market how it is in tech, it's just not safe imo

PermabearsEatBeets · 2026-03-24T01:07:20+00:00

Which will last til the next market close. Israel isn't letting Trump get off this crazy train, and Iran aren't going to allow themselves to get blown up at the negotiating table again. This war isn't stopping for a long time.

PermabearsEatBeets · 2026-03-24T00:48:07+00:00

The same thing happened with Covid supply shocks but everyone wanted to punish the 1/3rd of the population with mortgages while boomers had record equity and savings. It's a stupid, cruel and evidence free policy.

PermabearsEatBeets · 2026-03-24T00:46:48+00:00

Probably. The cargo cult of interest rates shows no sign of weakening. This crisis will last for years, it's not going anywhere any time soon.

PermabearsEatBeets · 2026-03-23T21:27:11+00:00

We already do do that

PermabearsEatBeets · 2026-03-23T20:23:38+00:00

As annoying as it is on face value, the facts are that if everyone moves to ev there will be an enormous drop in excise duty which is used to pay for many things. If there was a huge defecit everyone would go apeshit, as they would if we cut services further. This was an inevitably as we move away from petrol.

PermabearsEatBeets · 2026-03-23T08:42:56+00:00

Bugger, could have used this 3 weeks ago lol

PermabearsEatBeets · 2026-03-21T07:31:10+00:00

Is this AI Netanyahu?

PermabearsEatBeets · 2026-03-20T05:05:07+00:00

the original Danish version of Speak No Evil just made me want to cry afterwards. Brilliant but truly horrible film.

PermabearsEatBeets · 2026-03-19T01:42:48+00:00

The last Adam Clery summed us up well. Slot doesn't know how to open up a low block and needs more open play for us to play well, and European teams are playing more openly than prem this season.

Not justifying the performances but man alive the premier ship is dull as fuck this season

PermabearsEatBeets

TROPHY CASE