“You’re going to pay taxes… equivalent of borrowing at 35% interest.”
♫
Said on The Ramsey Show
“We have to assess you on the current interest rate plus 3 %… we’re looking at people on nearly 10 % interest at the moment.”
Straight Talk with Mark Bouris · Property Experts Warning: Australian House Prices Could Fall Another 10%
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15:00
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What was described
Add 3 % to the current interest rate when assessing borrower capacity, effectively testing borrowers at ~10 % interest
3 % add-on, ~10 % effective rate
Said nearby on the same subject
“The bank pays you a tiny bit of interest… then lends it out again… The bank is not a saver. The bank is a borrower.”
RK
Robert Kiyosaki
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business ·
“…most investors' borrowing capacities just since May 12th have reduced by sort of 30% as well.”
PN
Pat Noll
Equity Mates Investing Podcast ·
“Most developers, including myself, are getting capitalized interest, which means I don't have to pay it every month. I pay it when I finish the project, sell down, the bank gets the debt, then the interest rate repayment”
DH
David Hamilton
Inside Commercial Property ·
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