Quote:
quote:coge Posted - 19/01/2007 : 11:56:58 AM
We're in agreement Bel. . If they want to slow it down they need to reduce interest rates a little, to limit the demand for the NZD & induce a mild credit squeeze. Instead Dr Bollard is tub-thumping about putting them up.
On the other hand decreasing interest rates will mean people will pay less interest on their loans, and will incourage more people to borrow, and more people will buy houses
Quote:
quote:JoeKing Posted - 18/01/2007 : 10:34:56 PM
quote:
Originally posted by coge
... 'Most people will say buying their first property takes sacrifices, & it is still true today. If it is important to you, you can find a way to do it. Don't dwell on it taking thirty years to pay off, if you're into investment at 22, that concern won't be an issue.
Worrying about various disasters is a waste of time, if one occurs you'll be screwed whether you hold property or not. Having faith in the future goes hand in hand with success. Watch people around you over a few years & this will be confirmed to you. Fretting is for losers. Don't get sucked in.
"Dont dwell on it taking thirty years to pay it off".... Ok, shall I just ignore the truth then...