Post to SinFongChanRE.Wixsite.com on 5/4/2018 8:21 AM
Commenting on “Long and painful: Peter Costello’s rate warning for households”
https://www.theage.com.au/business/the-economy/long-and-painful-peter-costello-s-rate-warning-for-households-20180320-p4z5bj.html
Peter Costello could have been a better Prime Minister. I think he is smarter and wiser than the several clowns we had as Prime Ministers and opposition leaders. Well, he was a bit impatient to wait for the baton to be handed over by John Howard.
After many years as the Treasure, what he says in recent time about the pain will hit many mortgage holders as interest rate increases must not be taken lightly.
It is inevitable, not about when the rate increase will take place, but how much it will increase. I believe it is sooner than many experts have predicted, and there will be two increases.
I have warned many times if you are a hands-to-mouth wage earner, and you are considering to purchase an investment property while your own home has not been paid off yet, proceed with great caution in your property hunting.
What have I to gain by asking you to think twice or even thrice before you make your move? I am not selling you courses, or luring you to buy a share in my investment project.
Thank you for reading.
Commenting on “Long and painful: Peter Costello’s rate warning for households”
https://www.theage.com.au/business/the-economy/long-and-painful-peter-costello-s-rate-warning-for-households-20180320-p4z5bj.html
Peter Costello could have been a better Prime Minister. I think he is smarter and wiser than the several clowns we had as Prime Ministers and opposition leaders. Well, he was a bit impatient to wait for the baton to be handed over by John Howard.
After many years as the Treasure, what he says in recent time about the pain will hit many mortgage holders as interest rate increases must not be taken lightly.
It is inevitable, not about when the rate increase will take place, but how much it will increase. I believe it is sooner than many experts have predicted, and there will be two increases.
I have warned many times if you are a hands-to-mouth wage earner, and you are considering to purchase an investment property while your own home has not been paid off yet, proceed with great caution in your property hunting.
What have I to gain by asking you to think twice or even thrice before you make your move? I am not selling you courses, or luring you to buy a share in my investment project.
Thank you for reading.
