[Sohcahtoa82]

> You can get a floating rate loan, however, it if you want your payments to follow the market.

And then 2008 happens again, your rate goes up 5+%, your payments skyrocket, and you can't afford them and you lose your home.

I think you gotta be crazy to get an ARM.

[Christophy]

ARMs also exist with a capped rate (eg max x2 or x1.5), then they can present an acceptable risk.