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  1. joeExpat

    Are credit conditions easing?

    The SNBs attempts to intervene in the francs strength failed miserably and cost it a lot of money, it is highly unlikely they will raise rates, no need to, no boom to cool. Mortgage rates are around 3% but still a minority buy here (30%), the negatives outweigh the positives. You pay tax on the...
  2. joeExpat

    Are credit conditions easing?

    Didn't end well for Northern Rock either.. one of the first banks to go bust & their shares went to zero after a run on the bank. Australian banks offering over 95% deserve the same fate.
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