Originally posted by Courham
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I've just downsized selling a property to reduce my debt levels and am channelling all I can into reducing my mortgages before I (semi) retire at the end of the year. With interest rates this low its a great time to reduce debt not increase it as far as I'm concerned- my brother has done the same in Wellington.
There is an old adage in property: speed kills. Here is a good example of what happens when it gets messy: https://www.youtube.com/watch?v=j_ktN_h7-J4
Of course the the "investors" blame the banks for lending the money not their own greed.
Craig
There is an old adage in property: speed kills. Here is a good example of what happens when it gets messy: https://www.youtube.com/watch?v=j_ktN_h7-J4
Of course the the "investors" blame the banks for lending the money not their own greed.
Craig
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