Do you remember the story awhile back about how my great friend bought a house and I posted here about it.... needless to say I was quite dissapointed with him...
Well, the Bank made him get fixed interest...
and now interest rates are falling, and going to fall Later this month with the next cut...
He's now being hung out to dry with these excessive high fixed costs which were paramount to him getting a loan in the first place..... talk about paying for the credit crisis eah...

mackdunk,
You said it in your own words just then...
I myself think the downward spiral will last for another couple of years followed by a huge uptrend. Macdunk
hahaha... do we have our first sign of mackdunk warning first hombuyers off property...... thanks for being honest...

increased deposits, harder to get loans... blah blah blah...
Loans shmoans...
hahaha... This is to our benefit mack a dee..less
sophisticated individuals will not be able to buy, driving prices down further.... hehehe... I hope banks tightened the belt further... hehehe...

Plenty of time to buy mackdunk... hehehehe

.^sc