It's almost like interest rates never go up
If a DJ who is being paid by a property development company tells you to buy a house, do you really think he gives a fuck about you?
It's highly unlikely you will get a variable interest rate for more than 5 years.
Banks are there to make money & manage their risk. You don't beat the casino.
Banks are there to make money & manage their risk. You don't beat the casino.
Unemployment is about to hit 50%. For the love of God, stop encouraging people to dry up liquidity & tie capital into fixed assets.
Houses will be even cheaper when houses start getting repo'd & defaults start rolling in. Don't rush.
Being overweight cash right now makes sense
Houses will be even cheaper when houses start getting repo'd & defaults start rolling in. Don't rush.
Being overweight cash right now makes sense
Everyone telling you to buy a house right now won't be there when you're balls deep in levies, rates, registration fees & transfer costs.
Banks & estate agents are parasites.
Don't fall for the "property value always goes up"// "it's a safe investment"// "it's cheap" bullshit.
Banks & estate agents are parasites.
Don't fall for the "property value always goes up"// "it's a safe investment"// "it's cheap" bullshit.
I just really don't want to see people getting fucked.
I got your back 💪🏽💪🏽
I got your back 💪🏽💪🏽
"Cheap to borrow" doesn't mean "Cheap house". It just means the financing costs you less.
Think about what happened in 2008. Cheap loans, huge property bubble.
Interest rates fluctuate... rather focus in the asset prices. Is the house itself much cheaper? That's the question.
Think about what happened in 2008. Cheap loans, huge property bubble.
Interest rates fluctuate... rather focus in the asset prices. Is the house itself much cheaper? That's the question.
Why you should delete every estate agents number off your phone during this time.
The property thread you're sick of seeing by now
This is not sexy advice..but if you're buying a house - make sure there's more than enough breathing room when rates go up by a few %.
If you're just about squeezing by right now, it can only get worse.
Run a few quick excel scenarios. What happens if your salary gets cut 20%?
If you're just about squeezing by right now, it can only get worse.
Run a few quick excel scenarios. What happens if your salary gets cut 20%?
