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	<title>Swiggs&#039;s Corner &#187; credit crunch</title>
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	<link>http://deonswiggs.com</link>
	<description>Healthy Homes for Healthy Kiwi&#039;s... Oh and of course Free Real Estate Advice</description>
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		<title>Cant Pay The Mortgage &#8211; You Will Lose Your Home!</title>
		<link>http://deonswiggs.com/cant-pay-the-mortgage-you-will-lose-your-home/</link>
		<comments>http://deonswiggs.com/cant-pay-the-mortgage-you-will-lose-your-home/#comments</comments>
		<pubDate>Sun, 26 Jul 2009 05:30:31 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Sellers]]></category>
		<category><![CDATA[The Market]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[housines]]></category>
		<category><![CDATA[income]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[mortgagee]]></category>
		<category><![CDATA[new zealand]]></category>
		<category><![CDATA[Sales]]></category>

		<guid isPermaLink="false">http://deonswiggs.com/?p=532</guid>
		<description><![CDATA[New Zealand is in a terrible position in terms of the real estate market. People have been over spending in the last few years as explained in the previous post. But this is about to come to head. The financial hard times are starting to catch up with us and this will be starting to hurt [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/cant-pay-the-mortgage-you-will-lose-your-home/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The Wave Of The Real Estate Cycle</title>
		<link>http://deonswiggs.com/the-wave-of-the-real-estate-cycle/</link>
		<comments>http://deonswiggs.com/the-wave-of-the-real-estate-cycle/#comments</comments>
		<pubDate>Thu, 25 Jun 2009 06:52:30 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[The Market]]></category>
		<category><![CDATA[buying]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[cycle]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[selling]]></category>

		<guid isPermaLink="false">http://deonswiggs.com/?p=370</guid>
		<description><![CDATA[The real estate market has been rising nationally the last few years and the media went hog wild over the frenzy and everywhere you looked there was someone or something telling you that real estate was HOT HOT HOT! Prices were going through the roof and there was unprecedented growth and people were becoming multi-millionaires [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/the-wave-of-the-real-estate-cycle/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Unemployment And The Real Estate Industry</title>
		<link>http://deonswiggs.com/unemployment-and-the-real-estate-industry/</link>
		<comments>http://deonswiggs.com/unemployment-and-the-real-estate-industry/#comments</comments>
		<pubDate>Mon, 22 Jun 2009 23:31:26 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[The Market]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[employment]]></category>
		<category><![CDATA[house prices]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[new zealand]]></category>
		<category><![CDATA[new zealand real estate]]></category>
		<category><![CDATA[redundancy]]></category>
		<category><![CDATA[redundant]]></category>
		<category><![CDATA[unemployment]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=366</guid>
		<description><![CDATA[There have been many reports recently stating that &#8220;experts&#8221; are seeing a turnaround in several segments of both the commercial and residential real estate markets here in New Zealand. But I find it hard to see this and put credibility on these reports. I justify this by saying there is no other crux that is [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/unemployment-and-the-real-estate-industry/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The State of Real Estate Around the World: No Signs of Stabilization</title>
		<link>http://deonswiggs.com/the-state-of-real-estate-around-the-world-no-signs-of-stabilization/</link>
		<comments>http://deonswiggs.com/the-state-of-real-estate-around-the-world-no-signs-of-stabilization/#comments</comments>
		<pubDate>Thu, 28 May 2009 00:37:00 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[The Market]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[financial]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[new zealand]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=337</guid>
		<description><![CDATA[Our Housing marketis in worse shape than Australia&#8217;s but is also likely to avoid as deep a correction as in the U.S. and Europe. The Reserve Bank of New Zealand has cut 575bp since July 2008 to 2.5% in April 2009 but longer-term, fixed mortgage rates have recently begun to rise again due to expectations [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/the-state-of-real-estate-around-the-world-no-signs-of-stabilization/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Reserve Bank Of New Zealand Lowers OCR To 2.5% April 30 2009</title>
		<link>http://deonswiggs.com/reserve-bank-of-new-zealand-lowers-ocr-to-25-april-30-2009/</link>
		<comments>http://deonswiggs.com/reserve-bank-of-new-zealand-lowers-ocr-to-25-april-30-2009/#comments</comments>
		<pubDate>Wed, 29 Apr 2009 22:20:00 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[The Market]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[economic recession]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[new zealand]]></category>
		<category><![CDATA[ocr]]></category>
		<category><![CDATA[swine flu]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=315</guid>
		<description><![CDATA[New Zealands Official Cash Rate has been cut again to 2.5% which is a further sign that the Reserve Bank is trying to stimulate the economy. Dr Alan Bollard this morning said to the people that he sees the Official Cash Rate being low for around the next 18 months as the economy is finding [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/reserve-bank-of-new-zealand-lowers-ocr-to-25-april-30-2009/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>New Zealand OCR Dropped to 3.0% 12 March 2009 &#8211; Will This Help?</title>
		<link>http://deonswiggs.com/new-zealand-ocr-dropped-to-30-12-march-2009-will-this-help/</link>
		<comments>http://deonswiggs.com/new-zealand-ocr-dropped-to-30-12-march-2009-will-this-help/#comments</comments>
		<pubDate>Wed, 11 Mar 2009 20:00:50 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[ocr]]></category>
		<category><![CDATA[resession]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=273</guid>
		<description><![CDATA[Again the Reserve Bank of New Zealand is dropping our Official Cash rate amid the world and New Zealand Economy falling as credit becomes tight and people stop spending money like they have in the past few years. The new OCR rate of 3% is a 50 bias point drop on what it was at [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/new-zealand-ocr-dropped-to-30-12-march-2009-will-this-help/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>WHAT THE BANKS DONT TELL YOU</title>
		<link>http://deonswiggs.com/what-the-banks-dont-tell-you/</link>
		<comments>http://deonswiggs.com/what-the-banks-dont-tell-you/#comments</comments>
		<pubDate>Sat, 21 Feb 2009 10:34:48 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[advice]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[budgeting]]></category>
		<category><![CDATA[credit cards]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[e-course]]></category>
		<category><![CDATA[help]]></category>
		<category><![CDATA[loans]]></category>
		<category><![CDATA[mortgage]]></category>
		<category><![CDATA[property]]></category>
		<category><![CDATA[repayments]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=265</guid>
		<description><![CDATA[PRINT THIS OUT AND KEEP! I have had too many people emailing me over the past few weeks asking about budgeting and there seems to be hundreds of people searching on how to budget and how to save money etc. There seems to be a trend and people want to know how to deal with [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/what-the-banks-dont-tell-you/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Selling your house in 2009</title>
		<link>http://deonswiggs.com/selling-your-house-in-2009/</link>
		<comments>http://deonswiggs.com/selling-your-house-in-2009/#comments</comments>
		<pubDate>Mon, 05 Jan 2009 09:31:33 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Sellers]]></category>
		<category><![CDATA[The Market]]></category>
		<category><![CDATA[2009]]></category>
		<category><![CDATA[agents]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[presentation]]></category>
		<category><![CDATA[price]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[selling]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=234</guid>
		<description><![CDATA[Marketing, price, presentation Christmas and New Year is over. We are pretty much now beginning the 2009 year off back into work. I was back at work today to a bombardment of paperwork to be completed. The joys of life. As I said in my previous posts I said 2009 will be a year for [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/selling-your-house-in-2009/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>New Zealands Household Debt Falls For First Time in 17 Years</title>
		<link>http://deonswiggs.com/new-zealands-household-debt-falls-for-first-time-in-17-years/</link>
		<comments>http://deonswiggs.com/new-zealands-household-debt-falls-for-first-time-in-17-years/#comments</comments>
		<pubDate>Thu, 01 Jan 2009 03:36:54 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[The Market]]></category>
		<category><![CDATA[2009]]></category>
		<category><![CDATA[Banks]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[ocr]]></category>
		<category><![CDATA[Spending]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=232</guid>
		<description><![CDATA[Lets start 2009 with a little less bad news from the economys point of view. We are now starting to see some of the effects on the credit crunch and how it is affecting the spending habbits of New Zealanders. In November New Zealand household borrowing fell for the first time in 17 years. This [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/new-zealands-household-debt-falls-for-first-time-in-17-years/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>What&#8217;s in store for 2009?</title>
		<link>http://deonswiggs.com/whats-in-store-for-2009/</link>
		<comments>http://deonswiggs.com/whats-in-store-for-2009/#comments</comments>
		<pubDate>Fri, 26 Dec 2008 01:32:27 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[2008]]></category>
		<category><![CDATA[2009]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[deon swiggs]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[prediction]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Sales]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=216</guid>
		<description><![CDATA[What&#8217;s in store for 2009. Seems like everyone is giving their predictions for 2009. It also seems everyone has a different opinion. If you go down the street and ask someone what&#8217;s in store for 2009 every single person will give you a different response. Some people are positive, some people are negative. Some have [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/whats-in-store-for-2009/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Crude Oil Drops To Record Lows as World Economy Crashes</title>
		<link>http://deonswiggs.com/crude-oil-drops-to-record-lows-as-world-economy-crashes/</link>
		<comments>http://deonswiggs.com/crude-oil-drops-to-record-lows-as-world-economy-crashes/#comments</comments>
		<pubDate>Thu, 25 Dec 2008 01:44:23 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[The Market]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[crude oil]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[petrol]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=230</guid>
		<description><![CDATA[In September I wrote a blog post here about the price of crude oil and how it was falling and yet the price of fuel at the pump was not dropping. Since then I have recieved over 200 emails from readers who have all voiced their opinion in this matter and I think they all [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/crude-oil-drops-to-record-lows-as-world-economy-crashes/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>New Zealanders Moving To Australia In Record Numbers.</title>
		<link>http://deonswiggs.com/new-zealanders-moving-to-australia-in-record-numbers/</link>
		<comments>http://deonswiggs.com/new-zealanders-moving-to-australia-in-record-numbers/#comments</comments>
		<pubDate>Sun, 21 Dec 2008 03:44:19 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[The Market]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[migration]]></category>
		<category><![CDATA[selling]]></category>
		<category><![CDATA[tourism]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=215</guid>
		<description><![CDATA[ I just read an article published on stuff.co.nz and its one that I thiought I need to share with you because of the impact this will be having on the housing market in New Zealand. The article is below: The exodus of migrants to Australia hit a record in the past year, while tourist numbers [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/new-zealanders-moving-to-australia-in-record-numbers/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The 4 Real Estate Seasons And Its Effects</title>
		<link>http://deonswiggs.com/the-4-real-estate-seasons-and-its-effects/</link>
		<comments>http://deonswiggs.com/the-4-real-estate-seasons-and-its-effects/#comments</comments>
		<pubDate>Sat, 20 Dec 2008 02:24:16 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[The Market]]></category>
		<category><![CDATA[buying]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[cycles]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[property boom]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[seasons]]></category>
		<category><![CDATA[selling]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=213</guid>
		<description><![CDATA[During the last few years the real estate market was rising all over and we were experiencing a sellers market. The media went wild over the frenzy and everywhere you looked there was someone or something telling you that real estate was HOT HOT HOT! Prices were going through the roof and there was unprecedented [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/the-4-real-estate-seasons-and-its-effects/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>What Are You Waiting For?</title>
		<link>http://deonswiggs.com/what-are-you-waiting-for/</link>
		<comments>http://deonswiggs.com/what-are-you-waiting-for/#comments</comments>
		<pubDate>Mon, 15 Dec 2008 11:05:29 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[Sellers]]></category>
		<category><![CDATA[The Market]]></category>
		<category><![CDATA[buying]]></category>
		<category><![CDATA[Christchurch]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[opportunities]]></category>
		<category><![CDATA[Sales]]></category>
		<category><![CDATA[selling]]></category>
		<category><![CDATA[statistics]]></category>
		<category><![CDATA[twitter]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=210</guid>
		<description><![CDATA[Its official. Sales volume is the lowest it has been for 16 years 11 months and the market has never been harder to work. Sellers, Buyers and agents… We are all having to adjust, compromise and accept that the days of the boom are well and truly over. And property prices have in fact in [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/what-are-you-waiting-for/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The First Home Buyers Market in New Zealand Gets Tougher</title>
		<link>http://deonswiggs.com/the-first-home-buyers-market-in-new-zealand-gets-tougher/</link>
		<comments>http://deonswiggs.com/the-first-home-buyers-market-in-new-zealand-gets-tougher/#comments</comments>
		<pubDate>Wed, 26 Nov 2008 21:50:16 +0000</pubDate>
		<dc:creator>swiggs</dc:creator>
				<category><![CDATA[Buyers]]></category>
		<category><![CDATA[The Market]]></category>
		<category><![CDATA[credit crunch]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[first home buyers]]></category>
		<category><![CDATA[market]]></category>
		<category><![CDATA[mortgage]]></category>

		<guid isPermaLink="false">http://voices.realestate.co.nz/christchurch/?p=152</guid>
		<description><![CDATA[Yesterday the ANZ National Bank announced property loans will now have to have a 20% deposit.  Now this closes up the banks and means that lending in throughout New Zealand is tightening up and buying is becoming a lot more difficult. The 20% deposit in many cases will now need to be savings which means [...]]]></description>
		<wfw:commentRss>http://deonswiggs.com/the-first-home-buyers-market-in-new-zealand-gets-tougher/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
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