Post to Facebook on 8/1/2019 at 12:36 AM
Commenting on “Want a credit squeeze with that fall in house prices”
https://www.theage.com.au/business/the-economy/want-a-credit-squeeze-with-that-fall-in-house-prices-20190103-p50pg2.html
Posted to The Age (4/1/2019) on 4/1/2019
Commentng on “Want a credit squeeze with that fall in house prices”
https://www.theage.com.au/business/the-economy/want-a-credit-squeeze-with-that-fall-in-house-prices-20190103-p50pg2.html
The Royal Commission causes banks to lose lots of money, and they will try to recover the money by increasing interest rates, much higher than the cash rate determined by RBA.
Unfortunately, RBA also slowly increases the rate in response to overseas interest rates increase.
This double whammy will result in many loan defaults, thus weeding out those who should not be buying houses in the first place as I have explained many times before.
Genuine real estate investors are shrewd and not concerned with credit squeeze. They are ready to strike only if the price is right. Their primary object is to achieve profitable bottom line and healthy ROI.
Thank you for reading.
Commenting on “Want a credit squeeze with that fall in house prices”
https://www.theage.com.au/business/the-economy/want-a-credit-squeeze-with-that-fall-in-house-prices-20190103-p50pg2.html
Posted to The Age (4/1/2019) on 4/1/2019
Commentng on “Want a credit squeeze with that fall in house prices”
https://www.theage.com.au/business/the-economy/want-a-credit-squeeze-with-that-fall-in-house-prices-20190103-p50pg2.html
The Royal Commission causes banks to lose lots of money, and they will try to recover the money by increasing interest rates, much higher than the cash rate determined by RBA.
Unfortunately, RBA also slowly increases the rate in response to overseas interest rates increase.
This double whammy will result in many loan defaults, thus weeding out those who should not be buying houses in the first place as I have explained many times before.
Genuine real estate investors are shrewd and not concerned with credit squeeze. They are ready to strike only if the price is right. Their primary object is to achieve profitable bottom line and healthy ROI.
Thank you for reading.
