Analysis Coronavirus - The Impact

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Is anyone graphing state by state trendlines? We were neck and neck with SA until yesterday when we got community contraction numbers.
Not sure

Here is another for WA I think

 

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Nice we just switched over to NAB with our homeloan.

It's only if you are in financial trouble. So basically the bank will go through your assets and cash in the bank and exhaust your possibilities to repay your loan and then they'll give you some leeway. NAB too have only adjusted their fixed rates down.

I think that in particular is a bad look. Lure vulnerable people into refinancing into a fixed loan who then lose their income stream, sell house and have to pay the penalty fees to break out of the fixed loan period. It's a bit underhanded.
 
This is a good read and does show the state by state stuff in graph form.

Singapore's curve is impressive compared to the rest of us

 
It's only if you are in financial trouble. So basically the bank will go through your assets and cash in the bank and exhaust your possibilities to repay your loan and then they'll give you some leeway. NAB too have only adjusted their fixed rates down.

I think that in particular is a bad look. Lure vulnerable people into refinancing into a fixed loan who then lose their income stream, sell house and have to pay the penalty fees to break out of the fixed loan period. It's a bit underhanded.

Yeah of course.

It be irresponsible if they let people just pause their home loan if they were still working.
 

There are some really important insights from a graph like that, however that author has omitted some of the key data labels (starting with which country is which). My take is:

-the virus spreads exponentially - the worst is still ahead for us
-Other countries ahead of us have already identified methods that are succesful in flatenning the curve (China, Korea and I suspect Italy - though it is still too early to see). We don't have to be pioneers.
- There is light at the end of the tunnel. We will need to take drastic measures for a couple of months, but that should see a flatenning of the curve.
 
Yeah of course.

It be irresponsible if they let people just pause their home loan if they were still working.
Agreed. What is re-assuring about this is that they are putting in place a mechanism to prevent a property market crash (which would take the banks down). I think the RBA's announcement yesterday about the loan facility to banks is a big part of making this happen. So far I think they are doing a good job with managing the economic side of things.
 
Agreed. What is re-assuring about this is that they are putting in place a mechanism to prevent a property market crash (which would take the banks down). I think the RBA's announcement yesterday about the loan facility to banks is a big part of making this happen. So far I think they are doing a good job with managing the economic side of things.

Refreshing for once.

Its in their interest for people not to default and allowing them still pay their homeloan later down the track.
 
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