re: rates up. but rates still too low
14 years ago, watso thought that interest rates at 10% were low. the latest interest rate increase adds $35 per month to the average loan - which is not all that much. mmm, but then again, this is the 7th increase since whenever, so i suppose that it all adds up.
watso has just noticed that property prices in the west, are racing up. even though watso lives in the west, he is saddened by the news. unless a person has a second property, the increase in prices is nothing more than meaningless. watso has two children, and wonders how they will buy a property.
my ageing mother got a call from a real estate agent, informing her that there is a demand for her type of property, and that the agent had buyers. my mother responded with the question - but where will she live - ah, the agent has properties that she might be interested in. lol - what a joke - my mother sells to downsize, so the agent can make fat commissions, and then needs to buy another property, and pay inflated stamp duty, and then because she has surplus funds, will loose out on the pension. my mother informed the agent to get lost.
increases in property values are simply meaningless, as one needs to live somewhere. perhaps watso should sell his property, and make an arrangement to live in a tent somewhere
