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christine2
Participant
@christine2
Join Date: 2003
Post Count: 3
November 10, 2003 - 2:27 am
quote:
Probably right there christine
However, in our case, we are still at uni and will start investing in about 2 years, perfect timimg i would say, so i would love int rates to go up for 3 reasons
1) Property prices will go down due to more supply than demand
2) More HOT properties will be forced into the market.
3) Our plan is based around paying off properties quick smart, 3 years or less, so int rates won’t affect us as much.
Fudge111[]
good for you..my son is in the same boat..just finished uni and is looking to buy his first property..and if i have any equity left after properties have drop i would love to help him out
christine2
Participant
@christine2
Join Date: 2003
Post Count: 3
November 10, 2003 - 2:27 am
quote:
Probably right there christine
However, in our case, we are still at uni and will start investing in about 2 years, perfect timimg i would say, so i would love int rates to go up for 3 reasons
1) Property prices will go down due to more supply than demand
2) More HOT properties will be forced into the market.
3) Our plan is based around paying off properties quick smart, 3 years or less, so int rates won’t affect us as much.
Fudge111[]
good for you..my son is in the same boat..just finished uni and is looking to buy his first property..and if i have any equity left after properties have drop i would love to help him out
christine2
Participant
@christine2
Join Date: 2003
Post Count: 3
November 10, 2003 - 1:20 am
quote:
i agree with both Castle Dreamer and Nu Gen, but if you can see the interest rates risin and not going above a set buffer you decide you should be fine.
But for me personally, i cant wait for the interest rates to rise, its gonna make people who went out and bought a house and are just making repayments but if interest rates rise, that means theres gonna be some hot property on the market then.
Which would make a perfect time to buy some real HOT property!
But wouldnt this mean that property prices will go down therefore ones equity wouldnt in some cases allow them to borrow to buy more properties..that is unless you already have ready cash on head