Sim Kaur

speaker

733 appearances 3 recordings 1 series first heard Apr 2026 last heard 1 Jun

Sim Kaur’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 3 in all, peaking in Apr 2026 with 2.

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Friends That Invest · The Market Is Changing Again… Do This · 1 Jun 2026 podcast

Those are kind of like the easiest group to understand because if you are a homeowner and interest rates go up, then your mortgage interest rates are going to increase as well.

Now, our American friends are very lucky because they get to lock in interest rates for 30 years.

So if you're one of those lucky humans that locked in a 3% or a 2.5% interest rate on your mortgage, you are sticking that out.

Whereas we're not so lucky in New Zealand and Australia, and I believe Canada as well, our mortgage interest rates kind of go on a rolling period of like five years, three years, two years, one year, or you can just have it at a floating rate.

And so that means that maybe for a few years, you might have

a 4% interest rate but the time that it then comes to revolving your interest rate to rolling it over and getting a new rate you might end up having it higher.

Also if you're an American and you're looking to buy your first home or to buy a piece of property or to take on debt if interest rates increase then now it's going to be a lot higher than like what it looked like five years ago where

During the good old days when you had like 2.5% interest rates, like what a different time.

We take a lot of things for granted in hindsight, but I guess that's what hindsight is.

Now, the issue for homeowners is that if you have mortgage repayments increasing, suddenly you can't really...

afford that like holiday you wanted to take or you might not go out to dinner as often because like it's expensive having a home so you're going to stay at home if you have investment property for example then you might increase the rent of the investment property so your renters now

have to pay more and so they're also going to be in a much tighter position where if your rent has increased like are you really going to go out and like grab a drink with dinner are you even going to have dinner out or is this going to be like potluck season with our friends again and so it

The spending of houses starts to decrease.

Homeowners and renters, basically human beings, are not going to spend as much money when interest rates go up.

That then starts having a flow-on effect for businesses because why would you go to the mall and update your mascara when things are kind of expensive?

We already have a cost of living crisis.

I don't want to go and like spend more money on mascara.

I'm going to keep using the same mascara that I've had for like 12 months.

I'm pretty sure I heard someone say that you should be updating your mascara every three months.

Blows my mind.

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