It is ironic that the Reserve Bank tries to put the breaks on the economy by punishing home owners while the current government spending continues unabated. When Labour entered power in 1999 the OCR was 4.5%.
From my perspective I don't care because I am fixed at 7.3% for 5 years with 3.5 years still to go. By the time I need to renew my mortgage Labour will be gone and so will all this silliness.
Other related posts:
I Smell a Conspiracy
Disposal of Eco-bulbs
Welcome to Vuestar
Comment by sbiddle, on 26-Apr-2007 10:17
At least the good news for importers is that our $ will probably increase by at least US1c by the end of the day. That makes the new Plasma even more affordable for the home owner who's already on a fixed rate mortgage..
Comment by juha, on 26-Apr-2007 14:25
76 or 77¢?
Add a comment
Please note: comments that are inappropriate or promotional in nature will be deleted.
E-mail addresses are not displayed, but you must enter a valid e-mail address to confirm your comments.
Are you a registered Geekzone user? Login to have the fields below automatically filled in for you and to enable links in comments. If you have (or qualify to have) a Geekzone Blog then your comment will be automatically confirmed and placed in the moderation queue for the blog owner's approval.