Danish bank pays YOU interest to take out mortgage!

Discussion in 'Property Market Economics' started by C-mac, 16th Aug, 2019.

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  1. C-mac

    C-mac Well-Known Member

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    C-mac, 16th Aug, 2019
    #1
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  2. lmac

    lmac Active Member

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    Charges on savings held at the bank, discounts for money lent? I don't think we're in Kansas anymore...
     
    lmac, 17th Aug, 2019
    #2
  3. willair

    willair Well-Known Member Premium Member

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    willair, 17th Aug, 2019
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  4. Waterboy

    Waterboy Well-Known Member

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    Denial is Not a River in Egypt
    Quite common in Australia.

    "Monthly account keeping fees."
     
    Waterboy, 17th Aug, 2019
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  5. Lacrim

    Lacrim Well-Known Member

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    Lacrim, 17th Aug, 2019
    #5
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  6. Oliver Shane

    Oliver Shane Well-Known Member

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    Coming soon, don’t worry.. who fixed at 4-5%?
     
    Oliver Shane, 17th Aug, 2019
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  7. Oliver Shane

    Oliver Shane Well-Known Member

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    They might go with ASIC litigation looming
     
    Oliver Shane, 19th Aug, 2019
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  8. Kangabanga

    Kangabanga Well-Known Member

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    Negative interest rate loan, sounds like a Ponzi/Pyramid scheme lol. Their central bank should just print and distribute cash via helicopter.
     
    Kangabanga, 22nd Aug, 2019
    #8
  9. Someguy

    Someguy Well-Known Member

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    imagine the frenzy if this was to happen here!
     
    Someguy, 22nd Aug, 2019
    #9
  10. Waterboy

    Waterboy Well-Known Member

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    Nut gunna huppen.
     
    Waterboy, 22nd Aug, 2019
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  11. lmac

    lmac Active Member

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    lmac, 22nd Aug, 2019
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  12. Mr Burns

    Mr Burns Well-Known Member

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    Mr Burns, 24th Aug, 2019
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  13. Gockie

    Gockie Life is good ☺️ Premium Member

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    I wonder how this would work. I would look to put money into banks in other countries. Wonder how possible it is to go over to Germany and open an account.
    Otherwise take your money and put $1 mill kroner or whatever into each bank, so you don't hit the amount where the negative interest rate applies.
     
    Gockie, 24th Aug, 2019
    #13
  14. Trainee

    Trainee Well-Known Member

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    The problem is you will probably have to convert to euros first. This means currency risk.
     
    Trainee, 24th Aug, 2019
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  15. Gockie

    Gockie Life is good ☺️ Premium Member

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    There's only about 5 mill people living in Denmark. The Eurozone is a big place. The German economy is solid/a powerhouse. They make everything. Lots of things Danish people use come from Germany, particularly if it has to be high quality (Just me looking in as an outsider).
    Converting to Euro, how is that such a bad thing?
     
    Gockie, 24th Aug, 2019
    #15
  16. Trainee

    Trainee Well-Known Member

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    Not the point. Just observing it adds currency risk. If you wanted to punt on the euro against the danish krone, you would do it even if interest rates werent negative.
     
    Trainee, 24th Aug, 2019
    #16
  17. Oliver Shane

    Oliver Shane Well-Known Member

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    Take out a mortgage and get future cash low steam of EUR paid to you each month.. sounds pretty good
     
    Oliver Shane, 24th Aug, 2019
    #17
  18. Someguy

    Someguy Well-Known Member

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    How many people will start burying cash in the back garden
     
    Someguy, 26th Aug, 2019
    #18
  19. Oliver Shane

    Oliver Shane Well-Known Member

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    Well it’s already happening. Sales of Safe’s have been exploding in europe the last few years and always strong in Japan :)
     
    Oliver Shane, 26th Aug, 2019
    #19
  20. Propertunity

    Propertunity Well-Known Member

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    Oh were you watching me? Thanks very much, now I have to go dig it up and find another place. tsk!
     
    Propertunity, 26th Aug, 2019
    #20
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