Interest Rates

[Tim Phun]

Just wanted to see how fellow BPers feel about future interest rates? As all investments are linked to rates, I feel that rates in the future matters a great deal.

If an investment property is purchased today and the intention is to sell it 5-10-15 years from now, doesn't the future rate matter? I often ask this question and get a response of why does it matter if my cashflow pays for PITI. In response, I would say that if rates were at say 6-8 percent, the principal value of the house would decrease significantly. Its a similar scenario of saying that HP stock is yielding X% so who cares until of course HP goes from 50 to 13.

Is my logic flawed? Thanks in advance.