Interest rates have gone up again
Feb 12th 2008, 12:29 pm
#211
Emigrated 24/11/07
Joined: Apr 2007
Location: Umina Beach, NSW
Posts: 191
Re: Interest rates have gone up again
I know where you are coming from and i cant help but notice you and BC having a go at each other about the fed did this and the RBA did this etc .
My take on it is fundamentally the banks are at fault and the govenments are at fault for allowing the banks to offer products that inflate the economy .
The Government represents us but does not operate for the best intentions of the people ,It must know if credit is available to all un-sundrey it will head for big pain later but it chooses to do nothing untill its to late .
Housing has to be made affordable and in my book you have to knock the investor out of the equation ,he will soon get the picture when he knows banks will not lend more than 3 to 1 .
So all i can say guys please stop arguing and focus it on who are to blame and thats the banks and govrnments we have and after all you cant blame the people who want a home ,i believe its a fundamental right to have aplace of your own .
My take on it is fundamentally the banks are at fault and the govenments are at fault for allowing the banks to offer products that inflate the economy .
The Government represents us but does not operate for the best intentions of the people ,It must know if credit is available to all un-sundrey it will head for big pain later but it chooses to do nothing untill its to late .
Housing has to be made affordable and in my book you have to knock the investor out of the equation ,he will soon get the picture when he knows banks will not lend more than 3 to 1 .
So all i can say guys please stop arguing and focus it on who are to blame and thats the banks and govrnments we have and after all you cant blame the people who want a home ,i believe its a fundamental right to have aplace of your own .
Feb 12th 2008, 12:29 pm
#212
poole ,dorset . love it
Joined: Mar 2007
Posts: 1,281
Re: Interest rates have gone up again
You keep saying I have no vested interested in this. Its frustrating because you know nothing about my circumstances. Yes I sold a property, guess what it was mortgaged much of the sale price went to settling the loan. Then, what I had left, I deemed isn't enough to get back into the property market. So instead I have borrowed to invest in the hope of looking after my future. I have a large loan, I pay interest, variable rate, why would I be unaffected by interest rate rises? How does it differ that I don't have a 'regular mortgage'? You worry about losing or having to sell your home, I worry about losing the lot if share prices fall and servicing a loan for nothing.
I'm not free from anything....why is that so difficult to understand? I'm just not playing the blame game.
I'm not free from anything....why is that so difficult to understand? I'm just not playing the blame game.
Feb 12th 2008, 12:30 pm
#213
Emigrated 24/11/07
Joined: Apr 2007
Location: Umina Beach, NSW
Posts: 191
Re: Interest rates have gone up again
do us all a favour and b&*^er off to Texas
Feb 12th 2008, 12:37 pm
#215
poole ,dorset . love it
Joined: Mar 2007
Posts: 1,281
Re: Interest rates have gone up again
I am not blaming anyone but the government and the banks and thats a valid point as far as im concerned after all they fuel the economy with easy cash but the fact is the boom bust cycle has to stop because housing isnt getting any cheaper inrelation to earnings over the last forty years .
There is a whole heap of smug baby boomers who could afford homes when borrowing on a 3-1 ratio and then turn around to the next generation and tell them to pull their socks up and stop whinging because they cant afford a 6- 1 ratio .
No one can blame young people for wanting to have at least what their parents have and yet paying twice the price for the luxury .
Feb 12th 2008, 12:40 pm
#216
Forum Regular
Joined: Jan 2008
Posts: 164
Re: Interest rates have gone up again
You don't have to defend yourself king kong. I'm an Aussie and can complain loud and often if I want too. jellibaby can stick up his arse.. he probably has plenty of room.
Feb 12th 2008, 12:40 pm
#217
Emigrated 24/11/07
Joined: Apr 2007
Location: Umina Beach, NSW
Posts: 191
Re: Interest rates have gone up again
you know the USA has given the world what exactly?
oh yes wars it can't win, an economy that's most of the way down the pan, obnoxious self centred arrogant people - go on then - tell me one thing the
USA has given the world worth having ~ and you can't say McDonalds?
Feb 12th 2008, 12:41 pm
#218
Frequent Flyer Member
Joined: Jun 2007
Location: Melbourne
Posts: 10,994
Feb 12th 2008, 12:42 pm
#219
Emigrated 24/11/07
Joined: Apr 2007
Location: Umina Beach, NSW
Posts: 191
Feb 12th 2008, 5:19 pm
#220
Re: Interest rates have gone up again
Bloody Kevin Rudd While the rest of the planet shakes with credit crunch
He sticks em up again fighting inflation pigs a--- with a
view to further hikes When is he going to realise a high AS and NZ Dollar
aint no good to your average man in street and dont give me that we need
to keep a tight rope on inflation as if it gets to high we will all be using wheel
barrows to cart money about, In japan groups of people borrow sums of money
at next to nill interest and place it in AU & NZ Banks and get a return of up to
eight per cent returned home good on them its there for the picking I dont think RBA have a clue
Feb 12th 2008, 5:39 pm
#221
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,816
Re: Interest rates have gone up again
Not really a lot I can say about this thread except to ask some of you to go and read Rule 1 of this forum which asks for posters to be polite to each other and respect each other's views.
If you can't respond without being rude and abusive please don't bother posting here.
Thread closed.
If you can't respond without being rude and abusive please don't bother posting here.
Thread closed.
