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you beauty a good call for once. 0.9% will let me hang around for another 9 months then i am outta here! thanks for the update!
I am havin a nice day today
I hope they drop down to zero % then can starty paying off the principal debt
I wonder what Mr Burns would say………… "Excellent"
I Hope they go down alot and stay there for a few years then easier to pay off my PPOR
Realistically do you think rates will be down below 6% by Oct 2009?
NWO will bankrupt all that don't listen
Maybe you can look at working a second par time job to work on the cashflow shortage. In my experience it is worth holding onto the property and really look at your budget. Once you sell you lose all the future capital growth and income increases. But when you want to get back in the stamp duty and other prices have gone up again slightly so you are back to square one.
I am currently holding a property which went down also lost about $80k in capital growth due the downturn also, but now rates are coming down i can keep it and within 12months will be cashflow neutral. I have tighented my belt a lot don't spend more than i earn and what every cent i spend. Hang on and hold unless you are really needing to sell and the banks are knockin on your door.
