Archive for October, 2007

The effects of interest hikes and the NCA on the property market

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admin
at October 23, 2007 in National Credit Act, investments and Property. 2 Comments

It really is a double whammy kind of situation for consumers getting that bond approved these days.
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As consumers we are feeling the pinch in as far as our financial situation goes trying to meet all those debt obligations. This is getting to the point where even if you had budgeted “correctly” a year ago, you most likely will find yourself in the redline if not over exposed. On the other hand the credit granting law has changed requiring banks to consider “true affordability” and no gestimates when assessing whether to grant a mortgage / home loan.

A good source for tracking the extent of these effects is First National Bank’s Property Barometer report, published quarterly.

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Buying a car? Do some research (A look at Kinsey’s report).

Published by
admin
at October 15, 2007 in Consumer Protection, motoring tips and car buying tips. 4 Comments

It is always interesting to hear the rationale of people for buying cars as to why they buy the car they buy and so forth. While this ultimately boils down to the car you want, like and identify with at that point in time, I would like to bring some perspective to the whole thing. This I think is helpful when one gets over the impulse and actually gets to the nitty grittys of owning the car.

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