2010
Mortgage Rates | Fasten your Seatbelts
Filed under: Featured, Housing Market, Interest Rates, NZ Economy
The Reserve Bank is going to have to keep mortgage rates low to prevent a collapse in consumption and the flow on impact on the economy. In my opinion we are in for a sustained period of low interest rates
2010
Renting Versus Buying First Home
Filed under: First Home Buyers, Housing Market, Mortgages
Buying your first home will almost always make better sense than renting. That is unless you live with 5 other flatties, eat bake beans, and have a communal shower. That is hard economics to beat under any scenario!
I’ve read a number of blogs trying to explain why the NZ property market hasn’t collapsed like the US or UK markets. For what it’s worth, here is my view which is consistent with what we’ve been saying for a while.
In the US homeowners have a free option to walk away from a property
Predicting future interest rates has become a national obsession. The latest call is that there are “green shoots” emerging signaling the end of the recession and the possibility of increasing interest rates. Personally I think it is way too early to call that – and I’m an optimist!
I still don’t think we’ve seen
A lot of the market commentary on housing seems to be pitched at Investors and is on one hand rational, and on the other hand, one dimensional. Here at Squirrel we have a general dislike of “averages” and sweeping generalisations. Here are our thoughts to add to the mix:-
House Prices have Fallen
Much has been said
most recent posts
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Musings | Bank Economist versus Pikelet the Pig
July 31st 2010 -
NZ | Buying Property in New Zealand
July 25th 2010 -
Mortgage Rates | Forecast after July OCR
July 17th 2010 -
First Home | Kiwi Saver Deposit Subsidy
June 17th 2010 -
Credit Crisis | How the Housing-Life Cycle is Broken
June 13th 2010