fungus pudding
14-06-2008, 11:12 AM
I hear some crowd of fleecers advertising the usual wonderful investment package of accomodation units in Queenstown. Assured capital gain and all the trimmings. Land prices start at $149,000. The interesting thing is they will provide finance at 8.9%, BUT if you provide your own you will get a 10% discount off the price. So real price is approx 134,000. This makes cost of finance a hell of a lot more than 8.9%. This sort of rubbish is obviously in breach of the credit contracts act and also the fair trading act. I wonder how long it will be before someone pots them? I'm watching with interest. :D