Monday, January 4, 2010

Update by RAMS

Another letter arrived today, from RAMS.

They made a mistake, they were a bit too eager to increase the repayments.

The update is, instead of the $175.03 mentioned in my earlier post, the increase is $150.79 per month!

I STILL don't want your bananas!

Saturday, January 2, 2010

The rise and continuing rise of the variable mortgage rate on a First Home Buyer in Sydney

As a new First Home buyer and customer of RAMS Home Loans, backed by the banana smoothie bank of 2009, Westpac, our family would like to thank RAMS, Westpac and the Reserve Bank of Australia for continuing to look out for the little guys, who are not shareholders, but mere customers of your establishment since our relationship began on 28th September 2009.

We are happy to contribute what we can, whenever you decide you need it to boost both your profit line and executive bonuses. We only hope you and your family enjoy your choice of tropical smoothies when relaxing by your pool and modest million dollar homes.

In the spirit of our first Christmas together, I will continue to update our relationship as per your wonderful letters we have been receiving each month since we became part of your family.

28th September 2009
in our second month as a new mortgagee, you wrote your first letter and told us about the increase in bananas and asked for an additional $37.70 per month.

13th October 2009
demand for bananas began to be an issue, so you decided to take care of it and asked us for $62.19 per month instead

10th November 2009
because we decided to split the banana to make two smoothies, you wrote and said that was okay, we just had to pay a little more. You increased it to $75.14 per month

11th December 2009
AND, in the spirit of the festive season and ingenuity on your part to abate the increase in banana tax, we received your latest letter. In the space of 4 months, we, a family of 4 would now pay an additional $175.03 per month!


So, thank you RAMS, Westpac and the Reserve Bank of Australia.




We don't like bananas anymore. Does this make a difference?