Page 1 of 4 123 ... LastLast
Results 1 to 20 of 68

Thread: Interest rate rises and punting

  1. #1
    Senior Member(無間使者)
    Join Date
    28-11-2012
    Posts
    162

    Interest rate rises and punting

    Will the increased interest rates force you to change your punting habits?

  2. #2
    Banned
    Join Date
    24-07-2019
    Location
    Willoughby
    Posts
    2,282
    Quote Originally Posted by thefatness View Post
    Will the increased interest rates force you to change your punting habits?
    No...What about you??

  3. #3
    Senior Member(無間使者)
    Join Date
    28-11-2012
    Posts
    162
    Not for now but will have to consider if rates and inflation continue soaring

  4. #4
    99 King Member (帝皇會員) GoldfishMan's Avatar
    Join Date
    05-05-2012
    Posts
    5,582
    Depends on how many IPs you managed to “snag” when the easy money was available and using whatever serviceability loophole you could find.

  5. #5
    Baby Member(留言版初哥)
    Join Date
    05-12-2018
    Posts
    6
    Nope don't have a mortgage or loans so business as usual.

  6. #6
    Senior Member(無間使者)
    Join Date
    05-09-2013
    Posts
    163
    Hoping interest rates keep on rising.
    I have no debt and have a substantial Investment Portfolio.

  7. #7
    Baby Member(留言版初哥)
    Join Date
    29-06-2021
    Posts
    17
    Just an aside do you guys remember the 13-14% interest rates in the 80s?

  8. #8
    Baby Member(留言版初哥)
    Join Date
    29-06-2021
    Posts
    17
    I think cash rate was as high as 7 something percent then too

  9. #9
    Banned
    Join Date
    17-05-2015
    Posts
    7,082
    Quote Originally Posted by teheviltwin View Post
    Just an aside do you guys remember the 13-14% interest rates in the 80s?
    It was 18-19% under Keating and people still survived paying mortgages.

  10. #10
    99 Premium Member (特級會員)
    Join Date
    07-08-2018
    Posts
    2,432
    Quote Originally Posted by cuteguy View Post
    It was 18-19% under Keating and people still survived paying mortgages.
    Boomers had many advantages during those times. Free tertiary education being one of them.

    https://youtu.be/PkJlTKUaF3Q

    Having said that. When they finally die, there'll be a huge wealth transfer.

    Back then houses were seen as commodities as opposed to an asset. Cars sometimes cost more than the home.

  11. #11
    Senior Member(無間使者)
    Join Date
    12-08-2021
    Posts
    180
    If your outgoings, in terms of interest, fuel, food and so on are going up, but your income remains static, then something has to give. Usually pleasure expenditure which, unlike the electricity bill, is discretionary.

    If inflation continues to rise inexorably into next year then what will likely happen is classic supply and demand. Punters will have less discretionary capacity. Less punters will lead to decreased supply - shops will close or, more likely, decrease input costs in terms of number of girls in the shops. That's generally a slow train though. In the short term it may turn into punter paradise - more girls than the market can sustain. I think the liklihood here is that the girls will supply more service to convince customers to become regulars. But it's not sustainable and over time girls will leave. They'll go home. We will all suffer from this, even cashed up punters.

    If we start to see inflation slow in a determined fashion then the above outcome will likely be averted.

    Inflation is no good for anyone. Strong suite of investments? Good for you, but less spend across the board decreases profit and therefore dividends and therefore stock valuations. Reduced income reduces the capacity of people to pay your property rent.

    We've all been sitting in a nice, warm bath. When inflation loosens the plug, we'll all shiver a little.

  12. #12
    Banned
    Join Date
    17-05-2015
    Posts
    7,082
    When shops start to bump up prices, guys need to consider whether they should pay the higher price or look for other alternatives if they want to continue their punting.

  13. #13
    Junior Member(有D料到)
    Join Date
    17-12-2021
    Posts
    85
    Your all saying you don't have mortgage to pay and this and that. But increase interest rates also affect rent. Which will affect the prices of these shops rent too. Which also has a knock on effect to future punting prices aswell. With a new increased punting prices and increased everything else, ofcourse punting will be affected.

    I have seen threads about an increase in $20-50 for punting in fs shops and people and complaining about that. Imagine THAT increase in massage shops.

  14. #14
    Banned
    Join Date
    17-05-2015
    Posts
    7,082
    Quote Originally Posted by Manky010203 View Post
    Your all saying you don't have mortgage to pay and this and that. But increase interest rates also affect rent. Which will affect the prices of these shops rent too. Which also has a knock on effect to future punting prices aswell. With a new increased punting prices and increased everything else, ofcourse punting will be affected.

    I have seen threads about an increase in $20-50 for punting in fs shops and people and complaining about that. Imagine THAT increase in massage shops.
    If some shops are expanding and not downsizing then it means they are doing ok. If they are then increasing prices you need to ask who is most benefiting financially from this? It surely isn't the punter.

  15. #15
    99 Premium Member (特級會員)
    Join Date
    07-08-2018
    Posts
    2,432
    Quote Originally Posted by Manky010203 View Post
    Your all saying you don't have mortgage to pay and this and that. But increase interest rates also affect rent. Which will affect the prices of these shops rent too. Which also has a knock on effect to future punting prices aswell. With a new increased punting prices and increased everything else, ofcourse punting will be affected.

    I have seen threads about an increase in $20-50 for punting in fs shops and people and complaining about that. Imagine THAT increase in massage shops.
    Most people here definitely have mortgages. I have one myself. Luckily I fixed my interest for 2 years and utilised an offset to reduce overall interest paid.

    Having said that, definitely feeling the increase in costs. Materials overall went up significantly. Having said that I do enjoy discretionary spending. Was checking my eating out/uber eats budget for last month and I think I spent over 3k just on eating out and uber eats. Need to cook more as I do quite enjoy cooking.

  16. #16
    Junior Member(有D料到)
    Join Date
    30-08-2017
    Posts
    48
    I have mortgage. But I still put aside some cash each month for discretionary spending. So far have not had to reduce that but we will see how it goes next few months

  17. #17
    99 Premium Member (特級會員)
    Join Date
    11-12-2012
    Posts
    3,265
    Quote Originally Posted by Manky010203 View Post
    Your all saying you don't have mortgage to pay and this and that. But increase interest rates also affect rent. Which will affect the prices of these shops rent too. Which also has a knock on effect to future punting prices aswell. With a new increased punting prices and increased everything else, ofcourse punting will be affected.

    I have seen threads about an increase in $20-50 for punting in fs shops and people and complaining about that. Imagine THAT increase in massage shops.
    Correct. 12 months ago you almost couldn't give away residential rentals, discounts of $100/week were not uncommon. Now rental demand is growing, discounts are a thing of the past, increases have started and people are bidding for rentals again.
    Commercial rents may be a different proposition, has demand for commercial property increased? I'm seeing more and more vacant properties in the suburbs, and more businesses trying to sell (some are even giving away their business as long as someone takes on the lease). Massage shops attempting that kind of increase would see a fair hit in business would be my prediction.

  18. #18
    Loyalty Member(超級無聊鬼)
    Join Date
    07-06-2018
    Posts
    1,688
    My ML complain about the increase in rent and mortgage. She rent and have a property. So far she haven't ask for more but I got the message she is asking for more. The shop she works still change the same.

  19. #19
    Senior Member(無間使者)
    Join Date
    12-08-2021
    Posts
    180
    Increasing prices is *kind of* what the RB wants, but won't say, because it leads to the result they want more quickly. Which is decreasing demand for services. We stop buying, we go for the cheaper option. Shops/girls go out of business until we reach equilibrium again; where supply equals demand. The market calms down and we all go our merry way. Takes about 2 years from go to whoa though. A slow train.

  20. #20
    Senior Member(無間使者)
    Join Date
    05-09-2013
    Posts
    163
    Quote Originally Posted by Meng View Post
    Boomers had many advantages during those times. Free tertiary education being one of them.

    https://youtu.be/PkJlTKUaF3Q

    Having said that. When they finally die, there'll be a huge wealth transfer.

    Back then houses were seen as commodities as opposed to an asset. Cars sometimes cost more than the home.
    You saw that on YouTube, so it must be true.
    Obviously written by a millennial.
    And Boomers had many disadvantages as well, these are just conveniently not spoken about.

Page 1 of 4 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •