Chris Bates
speaker
1,659 appearances
5 recordings
1 series
first heard Jun 2021
last heard Dec 2022
Chris Bates’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
Well, that's actually a definition of why you should be buying those assets.
because they're the things that will hold their value long-term because their quality and will actually go up the most.
So don't go, I can't buy the quality because they're up too expensive.
Actually, no, the solution isn't going buying a cheap, poor asset.
The solution is getting a better quality asset, but maybe you have to shift suburbs now because prices went up.
So I think this is, you know, when times of uncertainty, this is when buffers come in.
And so what you really need to do is focus on how you're structuring everything in your life, you know, insurance, all different things, but around your property decisions, the buffers really is buying quality, but also structuring your loans the right way.
So,
You know, understanding your guarantor loans, which we spoke about, understanding how LMI can actually give you a buffer.
And, you know, yes, there's the cost for it, but you get the benefit of a buffer.
Making sure that, you know, you're building money in offset accounts, not just paying down your loans.
Maybe you're using interest only if you've got investment properties.
You know, you've got to really focus on extending your loan term to 30 years, you know, rather than 25, you will reduce your repayments and give you a bigger buffer.
um look at saving hard you know to give you that so it's just all about really focusing on if something happens to my financial situation i'm going to be better protected and so i do think it's a time to to be putting those in place now then if for example there is something going on in the world um and you sometimes too late you know you can't refinance you lose your job or property prices do fall for your property and you can't refinance or etc so buffers are so important
is once, especially after your first property, because what happens is people go from feeling very cash rich, you know, they've worked hard, they've got that savings there.
And then they go to sometimes very little in the savings account after.
And that is what I call the danger zone.
And that is absolutely not a time to go out partying in your new place.
Maybe, yeah, soft drinks at the house party while you're not even having a house.
I never said that before, so it didn't sound very good.
Showing 561–580 of 1,659 · page 29 of 83
← Previous
Next →