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Realistbear

New Zealanders Deluded Themselves Over I R

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http://www.stuff.co.nz/stuff/0,2106,3655094a9101,00.html

Home loan rates start rising

02 May 2006

By Philip Macalister

Many home buyers are believing that home loan interest rates will start decreasing when the opposite is happening.
The latest ASB Housing Confidence survey, released today says there has been a big change in findings.
It shows that the number of people who expect rate increases is down from 67 per cent to a net 36 per cent.
"Those surveyed appear to have quickly interpreted news of the wider economic slowdown, as well as a cooling in the housing market, as a reduced need for higher interest rates," ASB Bank says.

Some in the UK may be thinking its safe out there IR-wise? :o

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The interesting thing about NZ is that rates there never really dropped that much like they did in other countries post 2001, although they still experienced a lot of HPI.

Just a sign of way too much cheap money I suppose.

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The interesting thing about NZ is that rates there never really dropped that much like they did in other countries post 2001, although they still experienced a lot of HPI.

Just a sign of way too much cheap money I suppose.

Isn't there a bit of a contradiction there. In one sentence you say 'rates never really dropped that much,' in the next you say 'a sign of way too much cheap money'.

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Isn't there a bit of a contradiction there. In one sentence you say 'rates never really dropped that much,' in the next you say 'a sign of way too much cheap money'.

Just what I was thinking. Easy Money would be a better way of putting, perhaps.

Although having said that if they have similar start up offers as we do here, and the transfer costs were not much at the beginning of the cycle, then those who were willing to do a little bit of 'work', could indeed have got 'cheap' money.

Cheap money, is seems is a by-product of 'Easy' Money (loose regulation).

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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