618 what not to do in a rising interest rate environment + more
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Paying More Attention When There's Rough Times
A lot of businesses, not just in the real estate industry, but in any industry, work on a model of new deposits to fund their existing business. So when the tide goes out, some of these businesses haven't got any clothes on and things like this happen. People do still buy homes when interest rates increase. People want to buy properties off the plan. I think we just need to be prepared for delays. We need to make sure that, particularly if they are really keen for a sale, can you say, all right, we'll do it, but we're doing 5% or 10%. And then the deposit comes later? Yeah. Now now now now!
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