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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (1339)	10/22/2005 4:06:03 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 218540

< the interest rate your banks offer has also energized the currency> That's for sure. The high $NZ is great for shopping overseas, and Kiwis are going at it with gusto. Their debts are hefty and getting heftier. They have pigged out on low interest rates, not noticing that they are borrowing NZ$ at US70c each and will have to repay loans at, possibly, US40c. Which might be more a problem for the creditor Japanese housewives than the indebted Kiwi. While interest rates increase, and their houses depreciate, and incomes remain static [or go to zero - or welfare amounts], Kiwis could find things are not going well, especially when creditors demand refunds from 100% mortgaged houses. Apartments are already selling for less than they paid. Mqurice