I'm far from convinced it will make any difference out here... there's very little left in town in terms of discretionary services to actually shut down.
How long do you think they'll be able to hold onto them if rents stop flowing in ? I had a look today at sales and no one is dropping the ball in my area yet, just some shitty overpriced houses up for grabs, there was better stuff around a month ago.
I'm lucky in that our clients are government in the ACT, business as normal as governed by the common law Contract between Contractor and Principal. Rumour is that the ACT will be pushing more works for infrastructure in the very near future.
Not financial advice, etc etc, but you can really only know the outcome of one of those options, being redrawing on your mortgage. I ran the numbers on my own mortgage and redrawing $10k would end up costing me $4k in extra interest paid over the life of the loan, all things remaining equal. Without taking into account any tax implications, if your super is indexed against the sharemarket (i.e. more of a balanced option, rather than growth or conservative options) if the share market has dropped 30%, before that drop, $10k would've been worth $14285, so you are locking in a $4285 loss by withdrawing $10k.
It was noticeably quieter here, but still people out and about. We were only in town to get the final supplies. We now have food and heat sorted. And enough space around the house to see the zombies coming
THERE ISN'T ANY ROOM.
I wouldn't expect established to drop, people will turn to it as construction slows and the smaller builders fold and developers have been taking the hard line recently. Banks will enjoy bricks and mortar aswell, compared to running into any possible risks from folding builder/developers.
Well done mate, good to have secure employment.
Also pissweak when it comes to making decisions too.
Yeah, it's nice to have. Got a fair amount of pay to come through, so even if we stop selling for 2 to 3 months I'm lucky enough to have a fair bit of income already locked down.
Might go get my haircut this week!
As long as the haircut is no longer than 30 minutes, preferably less and that inside the store has limited people.
I wonder if people will rush to try and downsize from the larger homes, say around the 1mil~800k to under 500k. A big ouch for builders going under, that's rarely good for anyone.
