Impact of Interest rate hike on Hobbying

[star003]

Bank of Canada hikes interest rate to 2.5% — biggest jump since 1998 - CBC News

Bank of Canada hikes rate to 2.5%. Here's what it means for you — CBC News

The Bank of Canada raised its benchmark interest rate by the largest amount in more than 20 years on Wednesday, sharply increasing the cost of borrowing in an attempt to rein in runaway inflation.

apple.news

How do u see this rate hike impacting your hobbying budget?
are the SPs worried too that this might hurt their business too in turn?

 

[bazokajoe]

Zero impact for me.

 

[rhuarc29]

Zero impact for me.

Same. Zero impact on my entertainment budget, and maybe I'll actually get some free time if the economy slows some to enjoy it.

 

[star003]

Same. Zero impact on my entertainment budget, and maybe I'll actually get some free time if the economy slows some to enjoy it.

just curious…how much is your usual monthly hobbying expense?

 

[coolmanfever]

I predict more sp will be working to pay pff mortage or rent in market. Hopefully it will drive down vip pricing for some agency girls that dont really deserve vip rate.

 

[Y_Diner]

Hopefully it will drive down vip pricing for some agency girls that dont really deserve vip rate.

Sadly no. Keep dreaming.

 

[Darts]

Is the hobby discretionary spending?

 

[Happyhomer]

I intend to spend more to help lovely ladies deal with inflationary costs.

I guess this makes me a white knight.

 

[rhuarc29]

just curious…how much is your usual monthly hobbying expense?

To be fair, I haven't hobbied in close to two years because I'm dating a civvie, but before that it wasn't really a monthly budget, but anywhere from $500 to $2000 typically. Dictated more by how much free time I had than fiscal restraint.
By not hobbying, I'm able to supplement a down payment I've been building for when the real estate market comes down to sane levels.

 

[corrie fan]

I have a fair amount invested in GICs so higher rates will increase my income.

 

[lomotil]

More ladies will enter the trade in whole (hole) or in part perhaps?

 

[Mr Deeds]

If your borrowing money to finance your hobby then I'd say you need help.

 

[Jenesis]

If your borrowing money to finance your hobby then I'd say you need help.

You needed help before all this economical bullshit if you are putting pussy on credit, but I can’t imagine it now. LOL.

I have a fair amount invested in GICs so higher rates will increase my income.

I am kicking myself in the ass right now. I was looking at buy a few last year and just never got around to it.

 

[Plan8]

I am kicking myself in the ass right now. I was looking at buy a few last year and just never got around to it.

Then you will now get higher rates of return on your uninvested funds.

 

[luvdog]

It is going to make hobbying for me more infrequent and more choosy.
Don't have huge debt, but the high cost of food is making things less flexible.

LD

 

[Cookie.Monster]

I predict more sp will be working to pay pff mortage or rent in market. Hopefully it will drive down vip pricing for some agency girls that dont really deserve vip rate.

Yes we all get it, prices won’t come down! But consistently of services will improve at the VIP rate.. Bbbj’s will become even more common, even with the uncut dudes. I see girls using services as way of competing. As more girls enter industry and money supply gets tighter, competition will get fiercer.

 

[superman12]

Zero impact to me. I will continue to go see the sp's i want to go see without hesitation regardless of the economy. I do think that sp's who are fairly new to the industry who havent had a chance yet to build their reputation may struggle and leave the industry sooner then expected but for the gals who have been around a while and have a solid client base already they wont need to worry about a slowdown in business. There popular for a reason.

 

[John Wick]

Is the hobby discretionary spending?

Absolutely NOT! Critical path, essential services...clearly non-discretionary!

 

[Samranchoi]

Like someone else I have not hobbied for almost 2 years and the money I used to spend is now going towards other things. I am still in contact with one individual in the industry and since the restrictions have been lifted, it has been very good business wise even with higher rates. There are still many guys who are making huge sums of income and I am sure some of them are hobbying.

Personally if I was not involved in a relationship the higher inflation would not deter my hobbying especially since my salary jumped by 35% over the past year. For some not a huge sum but for me that would have covered a large portion of my yearly hobbying fees. As well, working from home allowed for a couple of extra sessions/month since I didn’t have to pay for parking and gas.

 

[star003]

Like someone else I have not hobbied for almost 2 years and the money I used to spend is now going towards other things. I am still in contact with one individual in the industry and since the restrictions have been lifted, it has been very good business wise even with higher rates. There are still many guys who are making huge sums of income and I am sure some of them are hobbying.

Personally if I was not involved in a relationship the higher inflation would not deter my hobbying especially since my salary jumped by 35% over the past year. For some not a huge sum but for me that would have covered a large portion of my yearly hobbying fees. As well, working from home allowed for a couple of extra sessions/month since I didn’t have to pay for parking and gas.

there should be some tax rebates for hobbying expenses…wht say?