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Type: Posts; User: Don't believe the Hype

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  1. Replies
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    Sorry for that dose of reality... in essence...

    Sorry for that dose of reality... in essence behind all the glossy photos and symbolism of success is a whole lot of risk... at least the risk is being rewarded with a return far beyond the risk free...
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    The one bank trap you refer to is is more to do...

    The one bank trap you refer to is is more to do with cross collateralize security. The bank will secure your new loan against all held properties... this only really becomes a problem when you go to...
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    Didn't the guy behind Du Val go broke in the...

    Didn't the guy behind Du Val go broke in the GFC... an all in ego driven guy who plays big and takes risks with someone else's funds??
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    The whole post was long but well worth a read......

    The whole post was long but well worth a read... especially for this last line!!
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    Eleven days ago I was hopeful of sub 3% for 5 yrs...

    Eleven days ago I was hopeful of sub 3% for 5 yrs by Xmas... I guess Xmas has come early!!

    BNZ 2.99% out to 5 yrs
    ...
  6. How might you do that?

    How might you do that?
  7. Replies
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    you can break the fixed loan for a fee - ask your...

    you can break the fixed loan for a fee - ask your bank for the cost then you can benefit from the new low rates - this may or may not be beneficial you'll have to do the math
  8. Manpower will probably be plentiful ... materials...

    Manpower will probably be plentiful ... materials might be in short supply.

    While they seem to have a short memory on their Kiwibuild disaster 8000 houses over 5 years is far more achievable -...
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    Spot on Nick but somehow that is considered a bad...

    Spot on Nick but somehow that is considered a bad thing or comes with a negative sentiment

    Put another way those good at (or who have a propensity to) doing something get better at it an...
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    Prediction from interest . co . nz late yesterday...

    Prediction from interest . co . nz late yesterday

    https://www.interest.co.nz/personal-finance/104999/it-becoming-2-world-home-loan-world-markets-and-regulators-actively-open
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    Westpac just moved their 4 yr carded rate to...

    Westpac just moved their 4 yr carded rate to 3.49% and their 5yr rate to 3.59%

    I wonder if we'll see a 3% 5yr rate by Xmas?


    There is room to move with just a quick look the Australian 5yr...
  12. The stupidity of the herd has surprised me more...

    The stupidity of the herd has surprised me more than I thought it would.

    Given the lack of any real national news the reporting is an ongoing series of vested interest groups telling their story...
  13. I doubt any wave of distressed sellers will come...

    I doubt any wave of distressed sellers will come before 6 months... we have
    > 13 wk wage subsidy meaning tenants can pay rent (at least partially) through to July before the business they used to...
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    In that range - depending on the size of your...

    In that range - depending on the size of your lending maybe even a bit lower.

    I agree the rate is very tempting and makes a cheap insurance policy against the chance of high inflation out the...
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    In a discussion this week with one of my banks...

    In a discussion this week with one of my banks the difference between the 1yr rate and the 5 yr rate offered was only 0.3pts this would be a fair indication that the banks think rates are staying low...
  16. One of the down sides of owning property is the...

    One of the down sides of owning property is the illiquid nature of the investment - this is not new news. However not being able to trade a few bricks for a loaf of bread doesn't mean the increase...
  17. Flyer - whilst I broadly agree with you on this...

    Flyer - whilst I broadly agree with you on this and your sentiment especially the need to educate the broader public inc govt. on the real costs associated with property ownership you can't look at...
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    Just saw that China Construction Bank dropped...

    Just saw that China Construction Bank dropped there one year rate to 2.8%

    Does anyone on here use them? Any thought on if this is likely to break the 3% floor at the main banks we seem to see on...
  19. Well strictly speaking your income has not...

    Well strictly speaking your income has not changed, you've had a reduction in expenses resulting in a higher profit (or smaller loss) - this is what the bank will be interested. What you spend that...
  20. what keys said Rates might go lower but...

    what keys said



    Rates might go lower but there is more upside risk that downside opportunity.
    Leverage the coming off fixed to borrow as much money as you think you'll need for any buying you...
  21. I think you're right here about the poor and the...

    I think you're right here about the poor and the inbetweeners...

    The rich on $200k - many spend $200k plus which is why many of them too live week to week with the inbetweeners.

    I have...
  22. This is spot on... and goes FULL CIRCLE back to...

    This is spot on... and goes FULL CIRCLE back to what we've been talking about on other threads about the HOUSING CRISIS being an EXPECTATION CRISIS

    This is going to be a tough time for NZ as they...
  23. 13.2% of income on R&M - is this just the last...

    13.2% of income on R&M - is this just the last year?

    What is the average of the last 2 or 3 years?

    R&M % of income will likely be higher in lower rent properties as the cost of the repair...
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    Thanks - JBM... so to distill it the economic...

    Thanks - JBM... so to distill it the economic reasons I feared higher interest rates in the GFC still apply its is simply the scale of the bail out being far larger which makes the chances of higher...
  25. You're kidding right... what has this world come...

    You're kidding right... what has this world come to?

    Next they'll tell me the guys that come into my garage and polish my cars are non essential.


    Stay at home, save lives
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