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Law Capping interest rates
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obiero
#1771 Posted : Tuesday, January 24, 2017 10:12:43 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
muandiwambeu wrote:
obiero wrote:
muandiwambeu wrote:
obiero wrote:
muandiwambeu wrote:
[quote=josimar]In developed economies such as Japan , mortgage rates are offered at 1% and tenor is 30 Years .

That's untrue. And if it is, to mi and fellow wanjiku, its like preaching gospel to pharaoh. Eti 1% say per month and not per year.

Hii ndio ubaya ya kuishi Maragua au Yala and not being interested in global finance.. Its a fact that rates in Asia and Europe are at about 2 to 3 percent per annum with countries such as Japan having negative interest on borrowing!
https://mobile.nytimes.c...ive-interest-rates.html[/quote]

Yawa my lord. I said this person known as @obiero is a smart chap, but now look. Interest rates can be any numeral, but to a Kenyan, your figures would cause a bank run. Would cause small banks to be in for it. Does that make sense? It will kill the credit in this mugai's nation. It will leave your stocks seriously beaten.
Maragua people are very good potters and they know places.

Graham, Buffer's mentor did the study and found that no correlation exists between bank rates and the stock market.. The only positive correlation even applicable to Kenya is between the bills market and the exchange i.e higher Tbills, lower exchange prices and the inverse is true

Wachana na graham, masomo yake ni ya kale. Let's look around here at home, pre-interest caps equity was trading at forties. Post caps, lower interest rates now trades at twenties.
Lakini nitakupea assignment ya Leo jioni.
Examine the impact of interest rates capping on kenya's top ten banks pre and post caps and give explanation to you observation. (Minimum ten pages) 1mark.

The current economic situation in Kenya is completely complex with billions being stashed in gunny bags by a corrupted lot

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MaichBlack
#1772 Posted : Wednesday, January 25, 2017 10:28:09 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,869
muandiwambeu wrote:
josimar wrote:
In developed economies such as Japan , mortgage rates are offered at 1% and tenor is 30 Years .

That's untrue. And if it is, to mi and fellow wanjiku, its like preaching gospel to pharaoh. Eti 1% say per month and not per year.

1% is given to the top 1% in society. The likes of Zuckerberg and crew! Even Obama's mortgage is/was at 4.xy%

Mortgage rates for Zuckerberg and the ultra rich!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Wednesday, January 25, 2017 10:32 AM | Reason: Not specified
MaichBlack
#1773 Posted : Wednesday, January 25, 2017 10:42:43 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,869
obiero wrote:
muandiwambeu wrote:
josimar wrote:
In developed economies such as Japan , mortgage rates are offered at 1% and tenor is 30 Years .

That's untrue. And if it is, to mi and fellow wanjiku, its like preaching gospel to pharaoh. Eti 1% say per month and not per year.

Hii ndio ubaya ya kuishi Maragua au Yala and not being interested in global finance.. Its a fact that rates in Asia and Europe are at about 2 to 3 percent per annum with countries such as Japan having negative interest on borrowing!
https://mobile.nytimes.c...ive-interest-rates.html ^

Not true @Obiero!!! Negative interest rates are charged to banks by Central Banks not Banks to clients!!! The Central Bank charges banks an intrest when the bank keeps money at the Central Bank instead of paying the Bank interest. This discourages banks from holding cash (as opposed to lending).

Kindly post a link showing a bank ANYWHERE IN THE WORLD giving loans to clients and charging negative interest rates!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Wednesday, January 25, 2017 1:43 PM | Reason: Not specified
MaichBlack
#1774 Posted : Wednesday, January 25, 2017 10:46:57 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,869
@Obiero must be currently residing in "Maragua or Yala"!

Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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  | | Edit by user: Wednesday, January 25, 2017 11:07 AM | Reason: Not specified
Ngalaka
#1775 Posted : Wednesday, January 25, 2017 11:30:04 AM
Rank: Veteran

Joined: 10/29/2008
Posts: 1,566
Even good old common sense should tell us that its not possible that one can borrow money and then pay less than what they borrowed!
End of discussion.

Separately, an interest rate of 1% per annum with a 30 year tenor would mean - there shouldnt be any tenants, just take that house on mortgage and pay installments that are virtually equal to what rent would cost you.
Isuni yilu yi maa me muyo - ni Mbisuu
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  | | Edit by user: Wednesday, January 25, 2017 12:51 PM | Reason: Not specified
Metasploit
#1776 Posted : Wednesday, January 25, 2017 11:43:30 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
MaichBlack wrote:
obiero wrote:
muandiwambeu wrote:
josimar wrote:
In developed economies such as Japan , mortgage rates are offered at 1% and tenor is 30 Years .

That's untrue. And if it is, to mi and fellow wanjiku, its like preaching gospel to pharaoh. Eti 1% say per month and not per year.

Hii ndio ubaya ya kuishi Maragua au Yala and not being interested in global finance.. Its a fact that rates in Asia and Europe are at about 2 to 3 percent per annum with countries such as Japan having negative interest on borrowing!
https://mobile.nytimes.c...ive-interest-rates.html ^

Not true @Obiero!!! Negative interest rates are charged to banks by Central Banks not Banks to clients!!! The Central Bank charges banks an intrest when the bank keeps money at the Central Bank instead of paying the Bank interest. This discourages banks from holding cash (as opposed to lending).

Kindly post a link show a bank ANYWHERE IN THE WORLD giving loans to clients and charging negative interest rates!!!


He he he..Someone wants to insinuate that a bank will be paying you monthly for taking a loan with them..Interesting

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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hisah
#1777 Posted : Wednesday, January 25, 2017 12:01:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
MaichBlack wrote:
obiero wrote:
muandiwambeu wrote:
josimar wrote:
In developed economies such as Japan , mortgage rates are offered at 1% and tenor is 30 Years .

That's untrue. And if it is, to mi and fellow wanjiku, its like preaching gospel to pharaoh. Eti 1% say per month and not per year.

Hii ndio ubaya ya kuishi Maragua au Yala and not being interested in global finance.. Its a fact that rates in Asia and Europe are at about 2 to 3 percent per annum with countries such as Japan having negative interest on borrowing!
https://mobile.nytimes.c...ive-interest-rates.html ^

Not true @Obiero!!! Negative interest rates are charged to banks by Central Banks not Banks to clients!!! The Central Bank charges banks an intrest when the bank keeps money at the Central Bank instead of paying the Bank interest. This discourages banks from holding cash (as opposed to lending).

Kindly post a link show a bank ANYWHERE IN THE WORLD giving loans to clients and charging negative interest rates!!!

Swiss alternative bank breaks negative rates taboo

German Bank Hits Rich Clients with Negative Interest Rates

Julius Baer splits negative rates between bank, clients and advisers

Danish bank charges ordinary customers for deposits as negative interest rates bite

RBS starts charging financial customers to park their cash

This is why I expect the euro to crash below parity vs USD unless they stop this negative interest rate policy lunacy!!!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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obiero
#1778 Posted : Wednesday, January 25, 2017 1:25:46 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
Wazua should pay me for the traffic I generate.. lol
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obiero
#1779 Posted : Wednesday, January 25, 2017 1:28:38 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,251
Location: nairobi
Wazua should pay me for the traffic I generate.. lol
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MaichBlack
#1780 Posted : Wednesday, January 25, 2017 1:57:37 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,869
hisah wrote:
MaichBlack wrote:
obiero wrote:
muandiwambeu wrote:
josimar wrote:
In developed economies such as Japan , mortgage rates are offered at 1% and tenor is 30 Years .

That's untrue. And if it is, to mi and fellow wanjiku, its like preaching gospel to pharaoh. Eti 1% say per month and not per year.

Hii ndio ubaya ya kuishi Maragua au Yala and not being interested in global finance.. Its a fact that rates in Asia and Europe are at about 2 to 3 percent per annum with countries such as Japan having negative interest on borrowing!
https://mobile.nytimes.c...ive-interest-rates.html ^

Not true @Obiero!!! Negative interest rates are charged to banks by Central Banks not Banks to clients!!! The Central Bank charges banks an intrest when the bank keeps money at the Central Bank instead of paying the Bank interest. This discourages banks from holding cash (as opposed to lending).

Kindly post a link show a bank ANYWHERE IN THE WORLD giving loans to clients and charging negative interest rates!!!

Swiss alternative bank breaks negative rates taboo

German Bank Hits Rich Clients with Negative Interest Rates

Julius Baer splits negative rates between bank, clients and advisers

Danish bank charges ordinary customers for deposits as negative interest rates bite

RBS starts charging financial customers to park their cash

This is why I expect the euro to crash below parity vs USD unless they stop this negative interest rate policy lunacy!!!

This is not different from what we are saying. In each of those links customers are being charged for DEPOSITS in the Bank!. Instead of being paid interest for their deposits, they are charged. And that is exactly what used to happen in Kenya (only that it was given other names like ledger fees, account maintenance fee bla bla bla). You could leave 30k for example in an account go to Kandahar and when you come back you find your new balance is 20k.

What we are telling @Obiero, no bank anywhere in the world will give him a loan of x and expect him to pay less than x (a negative interest rate on the loan). And one wazuan has made this very easy on everyone and referred him to something called common sense. Surely, why would any bank want to give you 1,000,000/= and you pay back 900,000/= over a period of time while they take on the burden of processing, follow up, logistics etc. and bear all the risk of default!!??
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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