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That's OK, I was never away. I gather you think you are being funny - you aren't in the slightest.
It isn't my fault that your are ignorant - I'm only trying to help you communicate better but some people are beyond help.
I see that you ignored the main point - typical.
I'll leave you to it now - you mostly talk to yourself.
Crystal ball stuff but where are interest rates likely to head in the next 12 months, I see that all the economists are predicting 4.5% rates but then who listens to these guys! Is it a case of do the opposite of what they say?
Crystal ball stuff but where are interest rates likely to head in the next 12 months, I see that all the economists are predicting 4.5% rates but then who listens to these guys! Is it a case of do the opposite of what they say?
I'll repeat my response again.
It doesn't matter what they are in 12 months.
You need the liquidity to hold your property moving forward.
As in raising it in 2014 the RBNZ back tracked and began lowering it again in 2015.
The economy is already looking shaky, more business have shut there doors than opened.
It's not the Interest rates,it's how much pain you can take holding your assets moving forward because the OCR will eventually go negative.
Why not offer an opinion of why things may or may not happen?
This thread is about interest rates. Not speculation, nor opinions on how-things-might-be scenarios.
Try the conspiracy theories thread for those and other such ideas.
This thread is about interest rates. Not speculation, nor opinions on how-things-might-be scenarios.
Try the conspiracy theories thread for those and other such ideas.
The thread has 17 years on commentary which way rates will or will not go.
Don't listen to the pointy heads on MSM, they tell fabricated lies to the sheeple.
Floating rate is between 4 - 5% currently this should ring alarm bells immediately!, but the main trap is they are holding the 1 year rate low while behind the scenes the longer term rates are going up. 5 year fixed rate in late March was 2.99% (westpac) now it is 4.29%, so a rise of 1.3% in under 3 months....do you get the drift of what they are up to yet?? This is nothing new its an old bank trick in this part of the cycle.
The banksters are enticing people to lock in the low 1 year rate, while behind the scenes the longer fixed term rates are rising. At some stage the 1 year rate will start to rise this will happen sooner rather than later and the masses will start to look at locking in longer term due to the low rate climate, it is at this point its TOO LATE, the longer term rates have already shot up so only option is to bite the bullet and lock in longer at 4-5%, floating at 4-5% or 1-2 years (which are on the rise) so most go, Ok lock in the cheaper short term rate but what will that be after a year?
Inflation worldwide is increasing at a fast rate, only way to control it is increasing interest rates.
Another warning from Chook in June, did anyone take any notice or did they listen to the bank economists instead??
1 year fixed has now risen 1% to about 3.2%, be prepared for this to keep moving up
For a $1.2 million dollar property this is an extra $12,000 per year interest payment so $1,000 per month increase..
Hyper inflation is here and only way to control that is.......(drumroll).....rising interest rates..
A panel of 50 bitcoin and cryptocurrency experts has predicted the bitcoin price will continue to climb through 2021, hitting highs of around $80,000, before surging to $250,000 by 2025 and a staggering $5 million per bitcoin by 2030...
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