I didn't even look at your claims as you can't make your mind up on anything. Sounds like you just cherry pick the ones that you might have got right and ignore everything you get wrong.
Let's be honest, the most important prediction on a property forum is which direction property prices are going. On this one the bears have been getting wrong since 2008.
Everything else is just arguing over details.
I put trolls and time wasters on my ignore list so if I don't respond to you, you are probably on it ....
Being headed for zirp doesn't mean we will get there.....but over the few years I have been saying we are going there, which way are rates headed Mallard?
We need to go there to stimulate small business, but rba knows it only stimulates losers like you, who go further into debt binging on second hand, increasingly unmaintained and unproductive housing.
Btw, I note you didn't contest any of my prediction claims.
Do you want to?
Rates can go up, down or stay the same. so you have a 33.3333% chance of being right.
Great work Nostradamus, that's some killer insight you have there.
I didn't even look at your claims as you can't make your mind up on anything. Sounds like you just cherry pick the ones that you might have got right and ignore everything you get wrong.
Rates could go up or down from here. If they go down it won't be by much.
Tell me what you think the RBA will get down to at the low point of this cycle then
You have proved you wouldnt know because you have your head up your arse looking for substantiation
As for rates, a year plus of procrastination by rba, to be led by the banks is embarrassing.
I think we will get to 1.8 to 2%.
But with banks doing unilateral shifts, it is very hard to predict.
Ill need to do more analysis (as will RBA) on how banks behaviour changes things, but one thing is clear, their behaviour will make it very difficult for rba to act.
We might even see rba get back to 0.5% changes to telegraph its messages with effect.
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
You have proved you wouldnt know because you have your head up your arse looking for substantiation
As for rates, a year plus of procrastination by rba, to be led by the banks is embarrassing.
I think we will get to 1.8 to 2%.
But with banks doing unilateral shifts, it is very hard to predict.
Ill need to do more analysis (as will RBA) on how banks behaviour changes things, but one thing is clear, their behaviour will make it very difficult for rba to act.
We might even see rba get back to 0.5% changes to telegraph its messages with effect.
1.8-2.0% is not ZIRP. So why make a fuss about it being inevitable? You're squirming now.
The banks are lowering rates because they now have lower borrowing costs and the spread is being competed away. The current spread from cash rate to mortgage rate is still much higher than pre-GFC so there is more room to go.
It's not an act of monetary policy by the banks, zero-interest-rate or otherwise. If anything the RBA will need to push up as it focuses on the cost of borrowing rather than the dumb cash rate.
Collecting desperation. Ex-Bp Golly April 2 2015. "I see with a slight overshoot -70% [fall in Sydney house prices] as being well within possibility"
1.8-2.0% is not ZIRP. So why make a fuss about it being inevitable? You're squirming now.
The banks are lowering rates because they now have lower borrowing costs and the spread is being competed away. The current spread from cash rate to mortgage rate is still much higher than pre-GFC so there is more room to go.
It's not an act of monetary policy by the banks, zero-interest-rate or otherwise. If anything the RBA will need to push up as it focuses on the cost of borrowing rather than the dumb cash rate.
The banks are lowering rates because fhb have pissed off, and the banks are desperate.
The pyramid scheme is dying before your eyes, and you pretend the lowest interest rates in a life time is business as usual.
You not going to find substantiation on this issue until after the fact.
But if you push a little further, you might pop inside out
WHAT WOULD EDDIE DO? MAAAATE! Share a cot with Milton?
A growing number of borrowers are locking in fixed-rate mortgages over longer terms, after banks slashed rates to record lows last month.
Three weeks after big banks dropped a range of fixed rates below 5 per cent, Westpac, National Australia Bank and ANZ Bank say more customers are looking to fix some or all of their mortgage.
Westpac's head of home ownership, Melanie Evans, said the proportion of new loans with a fixed component was nearing 30 per cent, compared with 15 to 20 per cent a few weeks ago.
Of these customers, the proportion who were opting for a five-year loan was "approaching 20 per cent", she said, a significant increase compared with a few weeks earlier.
Three-year loans remained the most popular, but customers were generally favouring longer terms, as they had previously until a couple of years ago.
"We're seeing Australians revert to the way they had been fixing their loans up until two years ago," Ms Evans said.
The change in behaviour was a "rational" response to the fall in longer-term borrowing costs, she said, and customers were not breaking their existing fixed-loan contracts.
NAB's general manager of consumer lending, Melissa Reynolds, also said there had been a "substantial" lift in demand for fixed-rate loans in recent weeks. One in four home loan applications was for a fixed-rate mortgage, she said.
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