"Unobtainium". Could that have been ANY more "Unimaginative"?
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Originally posted by speights boy View Postthere will be regular bleeding heart stories in the media about how much extra mortgage repayments are each week.
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Originally posted by speights boy View Post
Since I fixed 90% of debt around may last year at 5 years around the 5.7% to 6.4% I am very happy.
I want fixed rates to go up as fast as possible so they are back on the way down around 2018 when I come off fixed.
But I have a feeling NZ economy and property boom are going to run longer than the next 3 years, so the RB taming of the beast may still be underway, whips still out around that 2017 to 2019 period.
About 2 years after the key year of 2017, I expect the new slump to begin.
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Originally posted by Perry View PostShonkey's
Given that NZ seems to be doing OK ....I think the saying "better the devil you know than the one you don't applies" I must admit I a not comfortable with a speculator but at least a speculator understand s the real world more than a teacher. Seems heaps of teachers end up as politicians......they then, IMHO treat their constituents like their students......giving rise to Nanny state.The mission of any business enterprise should include the aim to develop economic conditions rather than simply react to them.
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