RE:RE:CXRand you can change a fixed rate with another fixed rate next year.It works!
Pj1958 wrote: First of all, thanks for actually participating in this debate with some legitimate arguments.
But your are comparing apples to oranges on the comparison of personal mortgages to CXR's
debt.
The increasing free cash flow in the coming years will more than pay off the current debt within
5-6 years if CXR wants, but they dont want to pay off all debt , as he will use some of the cash
to grow the company, unlike a house mortgage could almost never be paid off in that time span.
Also if interest rates go up, it wouldn't effect the rate for CXR , as its locked in.... It's not a floating
rate. A rate increase also wouldn't affect a personal mortgage holder if they locked in their rate for
a longer period, it would only effect those that have a short term mortgage rate or a floating rate.