Australian Politics Forum - Home owners benefitting from lower interest rates.

MOTR

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Home owners benefitting from lower interest rates.
Mar 29^th, 2013 at 1:01pm

Remember this scare campaign.

Quote:

Coalition frontbencher Andrew Robb says despite the rate rise, voters will recognise it is the Coalition that has the experience to steer Australia through tough economic times.

"What Australia can't survive would be the wages breakout and then the interest rate breakout that would inevitably occur under Labor's industrial relation policy," he said.

Let's ask an average Joe homeowner about interest rates under Labor.

Quote:

Hockey, in responding to questions about his home mortgage, said he spent less than a quarter of his income on repaying his loan.

"I, like others, have taken advantage of the lower interest rates to try to pay down the principal," he said.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Home owners benefitting from lower interest rates. Reply #1 - Mar 29^th, 2013 at 1:07pm Must be why the ALP have been so popular the last 3 years?
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... Gold Member Offline Posts: 23673 WA Gender:	Re: Home owners benefitting from lower interest rates. Reply #2 - Mar 29^th, 2013 at 1:09pm And by the same token, people with savings have been hurt by lower interest rates. Big deal.
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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: Home owners benefitting from lower interest rates. Reply #3 - Mar 29^th, 2013 at 1:45pm lower interest rates because the economy was starting to tank is hardly something to be excited by, And given that under labor, bank margins on mortgage loans are 2% higher than they used to be, howards promise that rates wuld always be lower under the Libs remains correct.
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adelcrow

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Re: Home owners benefitting from lower interest rates.
Reply #4 - Mar 29^th, 2013 at 1:57pm

longweekend58 wrote on Mar 29^th, 2013 at 1:45pm:

lower interest rates because the economy was starting to tank is hardly something to be excited by, And given that under labor, bank margins on mortgage loans are 2% higher than they used to be, howards promise that rates wuld always be lower under the Libs remains correct.

Sssoooo Longy you're saying Abbott will bring down interest rates even further and screw over those with bank deposits?
Well... I happen to agree with you..coz as we all know the recession Abbott will drag us into will have exactly that outcome.

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Go the Bunnies

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longweekend58

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Re: Home owners benefitting from lower interest rates.
Reply #5 - Mar 29^th, 2013 at 2:00pm

adelcrow wrote on Mar 29^th, 2013 at 1:57pm:

longweekend58 wrote on Mar 29^th, 2013 at 1:45pm:

lower interest rates because the economy was starting to tank is hardly something to be excited by, And given that under labor, bank margins on mortgage loans are 2% higher than they used to be, howards promise that rates wuld always be lower under the Libs remains correct.

Sssoooo Longy you're saying Abbott will bring down interest rates even further and screw over those with bank deposits?
Well... I happen to agree with you..coz as we all know the recession Abbott will drag us into will have exactly that outcome.

are you trying to out-stupid SOB?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Lobo

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Re: Home owners benefitting from lower interest rates.
Reply #6 - Mar 29^th, 2013 at 2:03pm

MOTR wrote on Mar 29^th, 2013 at 1:01pm:

Remember this scare campaign.

Quote:

Coalition frontbencher Andrew Robb says despite the rate rise, voters will recognise it is the Coalition that has the experience to steer Australia through tough economic times.

"What Australia can't survive would be the wages breakout and then the interest rate breakout that would inevitably occur under Labor's industrial relation policy," he said.

Let's ask an average Joe homeowner about interest rates under Labor.

Quote:

Hockey, in responding to questions about his home mortgage, said he spent less than a quarter of his income on repaying his loan.

"I, like others, have taken advantage of the lower interest rates to try to pay down the principal," he said.

I remember when you couldn't get a home loan if it meant your monthly repayments were more than a 1/4 of your monthly earnings.

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"What's in store for me in the direction I don't take?"-Jack Kerouac.

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adelcrow

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Re: Home owners benefitting from lower interest rates.
Reply #7 - Mar 29^th, 2013 at 2:19pm

longweekend58 wrote on Mar 29^th, 2013 at 2:00pm:

adelcrow wrote on Mar 29^th, 2013 at 1:57pm:

longweekend58 wrote on Mar 29^th, 2013 at 1:45pm:

lower interest rates because the economy was starting to tank is hardly something to be excited by, And given that under labor, bank margins on mortgage loans are 2% higher than they used to be, howards promise that rates wuld always be lower under the Libs remains correct.

Sssoooo Longy you're saying Abbott will bring down interest rates even further and screw over those with bank deposits?
Well... I happen to agree with you..coz as we all know the recession Abbott will drag us into will have exactly that outcome.

are you trying to out-stupid SOB?

Unless you're saying Abbott will create even more growth in the economy and in doing so will bring down interest rates even further while giving those with bank deposits higher earnings on their money. Im sure you're not saying that unless you're somehow retarded or live in an alternative universe

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MOTR

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Re: Home owners benefitting from lower interest rates.
Reply #8 - Mar 29^th, 2013 at 2:22pm

adelcrow wrote on Mar 29^th, 2013 at 2:19pm:

longweekend58 wrote on Mar 29^th, 2013 at 2:00pm:

adelcrow wrote on Mar 29^th, 2013 at 1:57pm:

longweekend58 wrote on Mar 29^th, 2013 at 1:45pm:

lower interest rates because the economy was starting to tank is hardly something to be excited by, And given that under labor, bank margins on mortgage loans are 2% higher than they used to be, howards promise that rates wuld always be lower under the Libs remains correct.

Sssoooo Longy you're saying Abbott will bring down interest rates even further and screw over those with bank deposits?
Well... I happen to agree with you..coz as we all know the recession Abbott will drag us into will have exactly that outcome.

are you trying to out-stupid SOB?

Unless you're saying Abbott will create even more growth in the economy and in doing so will bring down interest rates even further while giving those with bank deposits higher earnings on their money. Im sure you're not saying that unless you're somehow retarded or live in an alternative universe

Bingo!

That would explain Longy's imaginary facts.

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Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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adelcrow

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Re: Home owners benefitting from lower interest rates.
Reply #9 - Mar 29^th, 2013 at 2:34pm

Longy is saying Australias economy will be much stronger and grow much quicker under an Abbott govt even though the rest of the world is still in and out of recession and China is on the verge of a credit bubble burst.
That could only mean higher interest rates to try and keep a lid on the over heating economy and inflation etc which would attract a ship load of money from overseas investors which would push the Aussie dollar even higher making things even more difficult for Aussie companies.
Longy..you shoulda done economics 101 at uni instead of the Libs online economics 101 Cheesy

Longy worships Abbotts magic pudding view of economics Grin

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Go the Bunnies

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Redmond Neck Gold Member Offline OzPolitic Posts: 21615 ACT Gender:	Re: Home owners benefitting from lower interest rates. Reply #10 - Mar 29^th, 2013 at 3:45pm Yeah get your hand off your Longy Longy!!
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longweekend58 Gold Member Offline Australian Politics Posts: 45675 Gender:	Re: Home owners benefitting from lower interest rates. Reply #11 - Mar 29^th, 2013 at 5:30pm it is quite amusing in a sad-loser-watching kinda way listening to the increasing desperation coming out of you bad-sport laborites. with the latest poll making it almost 60/40 it is understandable. your party is about to get crushed out of competitiveness for a decade or more.
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MOTR

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Re: Home owners benefitting from lower interest rates.
Reply #12 - Mar 29^th, 2013 at 6:02pm

longweekend58 wrote on Mar 29^th, 2013 at 5:30pm:

it is quite amusing in a sad-loser-watching kinda way listening to the increasing desperation coming out of you bad-sport laborites.

with the latest poll making it almost 60/40 it is understandable. your party is about to get crushed out of competitiveness for a decade or more.

You're talking as if the election has already been won, Longy. 6 months is a long time in politics.

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« Last Edit: Mar 29^th, 2013 at 9:34pm by MOTR »

Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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longweekend58

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Re: Home owners benefitting from lower interest rates.
Reply #13 - Mar 29^th, 2013 at 8:05pm

MOTR wrote on Mar 29^th, 2013 at 6:02pm:

longweekend58 wrote on Mar 29^th, 2013 at 5:30pm:

it is quite amusing in a sad-loser-watching kinda way listening to the increasing desperation coming out of you bad-sport laborites.

with the latest poll making it almost 60/40 it is understandable. your party is about to get crushed out of competitiveness for a decade or more.

Your talking as if the election has already been won, Longy. 6 months is a long time in politics.

it can be, but only if the public are listening to you. Ask John Howard, he knows all about it. Once the voters stop listening to you, its all over. It is all over for Gillard and the only question left is the margin. And based on her recent desire to do everything she can to ruin labor's rep I suspect a 45 seat loss is not unlikely.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Sir Spot of Borg

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Re: Home owners benefitting from lower interest rates.
Reply #14 - Mar 30^th, 2013 at 4:58am

longweekend58 wrote on Mar 29^th, 2013 at 2:00pm:

adelcrow wrote on Mar 29^th, 2013 at 1:57pm:

longweekend58 wrote on Mar 29^th, 2013 at 1:45pm:

lower interest rates because the economy was starting to tank is hardly something to be excited by, And given that under labor, bank margins on mortgage loans are 2% higher than they used to be, howards promise that rates wuld always be lower under the Libs remains correct.

Sssoooo Longy you're saying Abbott will bring down interest rates even further and screw over those with bank deposits?
Well... I happen to agree with you..coz as we all know the recession Abbott will drag us into will have exactly that outcome.

are you trying to out-stupid SOB?

Because we all know anyone that disagrees with you has to be stupid right? Hahahahha!

SOB

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