2 rate cuts coming, page-155

  1. 25,636 Posts.
    lightbulb Created with Sketch. 32
    Hi Sector

    But forgetting the investors, don't you worry about the statements from the RBA that more people will now be able to afford to buy a home.

    If they couldn't afford to buy a home last month or last year why can they afford it now due to only a (approx) $40 decrease in monthly payments.
    Doesn't the RBA understand that when people buy a home they get a 20/30 year mortgage and it is a fact that rates will go up again, so in 5/ 7 years max they will not be able to afford to pay off their home and will have to sell and go back to renting?
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.