why are we in a recession, page-89

I was very luck.

I had a couple of loans which I fixed in about June last year @ around 9%. Interest rates were apparently still on the rise.

Broke out after the first 0.25% drop. I quickly saw the environment we were heading into and got out. Cost about 2 grand over about 500k of lending on those two properties, but would now cost me 10's of thousands.

I have now easily re-couped my break costs.