RioCan Real Estate Investment Trust T.REI.UN

SICKENING DROP TODAY

[thenewsnake]

Looks like instead of cuddling up to $20, we are being slaughtered back to $18!

[Tommy123]

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[Shirtlessnomore]

Interest rates CANNOT get crazy soon, that will effectively cripple the entire country, there is a catch 22 that has occurred thru the last number of years, if you raise the interest rates to say 6% or higher half the homeowners in the country lose their home. By lowering the rates for so many years that has effectively sent real estate prices higher and higher leaving it impossible to interest

[RetiredCEO]

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[gashole]

In January the unemployment rate was 9.4%. They wont be increasing rates until things are looking normal again.. They know home prices are skyrocketing, and last year when you bought a house for 750k and put 300k down, you are left with a 450k mortgage, now that same house is 1 million, put the 300k down and you have a 700k mortgage, but at a lower interest rate.. If rates are going to go up

[gashole]

sorry posted on REI board thought it was HR board - hence low prices commented on.. 

[Shirtlessnomore]

Exactly, that's something that has seemingly remained under the radar during all of this, many have done nothing but look to negatives with reits but the fact of the matter is financially there have been some huge benefits and the interest rates are a big one. Raising interest rates too high would result in the single biggest financial crisis that has ever happened, the debt and refinancing

[Mirko22]

Few banks have increased lending rates. They will continue to raise interest rates to cool off the housing market. Impact on REITS will not be much. Rates are still historical rates.

[RetiredCEO]

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