The boots theory is an economic theory that people in poverty have to buy cheap and subpar products that need to be replaced repeatedly, proving more expensive in the long run than more expensive items.

https://en.wikipedia.org/wiki/Boots_theory

  • givesomefucks@lemmy.world
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    8 months ago

    Yep, you can always refinance at a lower rate if it actually does go down substantially.

    You don’t even have to switch lenders, they know they’ll lose you if they dont

    There’s zero reason for variable rate. Lock that shit down.