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I am one of those who fixed for 5 years at 6.4% (which was an incredibly great rate around August last year) for one of my properties. I don't really regret it as long as you don't fix all your properties at the same time. My theory is with every property purchase I make sure I fix at the best rate at the time.
Well you have had security - still a great rate.
Deflation will no doubt effect most areas.
As for Christchurch the demand from all these chinese buyers might see us cantabs through.
I think it's a very brave man indeed betting on stagflation in the current environment. Borrowing to the eyeballs and locking in finance for the longest term possible would result in massive profits if stagflation did hit, assuming you could survive the year or two before the debt load started to drop significantly in real terms.
I am not betting on it I just think it's likely don't you? Once the USA unwinds it is quite likely I think.
No I don't. China will unwind before the US, just how much of a mess that will be is anyones guess. I'm not always a fan of Zerohedge at all, but this article isn't too far from the truth....
Today billionaire Eric Sprott warned King World News that massive derivatives losses have already taken place and they are currently being hidden from the public. He then issued one of the most dire predictions of 2015.
Good article at zerohedge. The thing with China though is they will take the pain and recover. They had hyper inflation in the 40's they won't be so afraid of it again. And because they are communist they will just take a 100 year view to recovery. The USA though has neither the brains nor the will to fix it properly.
Good article at zerohedge. The thing with China though is they will take the pain and recover. They had hyper inflation in the 40's they won't be so afraid of it again. And because they are communist they will just take a 100 year view to recovery.
Disagree completely. The only thing keeping China together is the rapidly growing prosperity, if that stalls or falls back, watch out.
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