I wouldn't endorse a 'baby with bathwater' capitulation in investment intention. I guess I'm proposing a horses for courses approach. The decision to build a small extension to a deck (perhaps to accommodate a hot tub?) shouldn't be derailed by the threat of firming interest rates. Similarly, installing french doors to facilitate indoor-outdoor flow shouldn't be a decision to keep one awake at nights...especially if one enjoys BBQ cooking and access to the BBQ is improved by the installation.
I'm not advocating irresponsible spend by the way; all I'm saying is we shouldn't allow too much negativity to prevent us all enjoying a nice hot tub soak on an evening after enjoying some nice BBQ-d sausages and steak accompanied with a healthy salad and some new potatoes.
Hopefully, the financiers of our new stadium take this very sensible post on board.