Quote:
Originally Posted by hackney
They need to go up.People bought homes when money was cheap to purchase, a lot way over committed, thinking rates would not go up until 2024-25.You need to factor in @ least 2% above what you are paying. A lot of people are going to be in a real world of pain in the coming twelve months.People who have fixed their rates will @ least have breathing space, but once these come to an end, it is going to get very interesting.Prices of homes will not ‘crash’, more like they will plateau.Interesting times ahead.
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I agree the "age of entitlement" is over, now its time for a reality check.
Cheers