What if RBA drops interest rate to 1% next year?
Group A: general public.
Why would I care? I don’t have loan and I don’t have much income for saving and I don’t plan to buy property or invest. Move on, pokemon go, I am coming for you.
Group A: general public.
Why would I care? I don’t have loan and I don’t have much income for saving and I don’t plan to buy property or invest. Move on, pokemon go, I am coming for you.
Group B: home owner
Oh yes, I will put as much money as possible to speed up pay off my mortgage.
Group C: property investor
Yes, I can borrow more money to invest in property. Money is damn cheap
Group D: share investor
Great, keep printing money to boost the market. Let’s keep party rolling.
Group E: Business owner
Yes, I can borrow money to expand my business and not to increase the salary because CPI is so low.
Group F: Saver for first time home owner
Why government keeps drop interest rate? Don’t they see property price keep rising?
Group F: Retirement with saving account
WTF, how could government steal my retirement fund like that!!!
Which group you are in and how do you apply your view?
Oh yes, I will put as much money as possible to speed up pay off my mortgage.
Group C: property investor
Yes, I can borrow more money to invest in property. Money is damn cheap
Group D: share investor
Great, keep printing money to boost the market. Let’s keep party rolling.
Group E: Business owner
Yes, I can borrow money to expand my business and not to increase the salary because CPI is so low.
Group F: Saver for first time home owner
Why government keeps drop interest rate? Don’t they see property price keep rising?
Group F: Retirement with saving account
WTF, how could government steal my retirement fund like that!!!
Which group you are in and how do you apply your view?
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