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  • donna
    replied
    GRA have a webinar on tonight - Tax changes and Property Market Update - 7 pm - https://www.gra.co.nz/events/tax-cha...update-webinar

    or register here https://us02web.zoom.us/webinar/regi...SnOckzjwwBLftg

    cheers,

    Donna

    Leave a comment:


  • Perry
    replied
    Originally posted by donna View Post
    Bitcoin now expected to get to.....wait for it.....$5m - by 2030! And for those keen on 100% ROI within the next few years - how's $250K by 2025?

    Madness.
    And the cost of commodities by then? $100k for a loaf of bread?

    Weimar Republic and Zimbabwe, move over.

    Leave a comment:


  • donna
    replied
    Bitcoin now expected to get to.....wait for it.....$5m - by 2030! And for those keen on 100% ROI within the next few years - how's $250K by 2025?

    Madness.

    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...

    Leave a comment:


  • Perry
    replied
    The Fed's policymakers forecast that they would raise their benchmark short-term rate, twice by late 2023.
    How valid is a prediction about that far in the future?

    Leave a comment:


  • Wayne
    replied
    Originally posted by chook View Post
    Hyper inflation is here and only way to control that is.......(drumroll).....rising interest rates..
    I must have missed something - hyperinflation?
    5.1% doesn't meet any definition of hyperinflation.

    Leave a comment:


  • chook
    replied
    Originally posted by chook View Post
    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..
    Last edited by chook; 26-10-2021, 02:53 PM.

    Leave a comment:


  • chook
    replied
    Originally posted by chook View Post
    And more,... forget 2023 &2022 rate rises will happen this year..

    https://fortune.com/2021/06/16/feder...flation-rises/
    I hope most listened and fixed long...lots more increases and pain to come (especially for those on 1 year fixed

    https://www.stuff.co.nz/business/mon...cted-economist

    Leave a comment:


  • Jeffa
    replied
    Originally posted by Perry View Post
    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.

    Leave a comment:


  • Perry
    replied
    Originally posted by Jeffa View Post
    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.

    Leave a comment:


  • Frezzinghot
    replied
    Originally posted by Jeffa View Post

    Residential real estate investing is a business

    Run it like one

    Prepare from down times.
    Good points. Rates or no rates, survival of the fittest!

    Leave a comment:


  • Jeffa
    replied
    Originally posted by Jeffa View Post

    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.
    Residential real estate investing is a business

    Run it like one

    Prepare for down times.
    Last edited by Jeffa; 07-10-2021, 12:23 PM. Reason: Running trying to post!

    Leave a comment:


  • Jeffa
    replied
    Originally posted by Perry View Post
    Totally ignoring the guesscasts of econ-o-mists is a good place to start!
    (Unless you want a bit of light-weight humour.)
    Instead of coming up with your same line

    Why not offer an opinion of why things may or may not happen?

    Or would you prefer nobody had an opinion on a "FORUM"

    You sound like your current government, everybody hide and don't voice your opinion or were all going to die!!

    Red.

    Leave a comment:


  • Jeffa
    replied
    Originally posted by Frezzinghot View Post
    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.
    Last edited by Jeffa; 07-10-2021, 11:40 AM.

    Leave a comment:


  • Perry
    replied
    Totally ignoring the guesscasts of econ-o-mists is a good place to start!
    (Unless you want a bit of light-weight humour.)

    Leave a comment:


  • Frezzinghot
    replied
    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?

    Leave a comment:

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