Yeah good idea 100 botles a week = $10 which =20 bp rise in interest rates on a 250k loan.
So far this year we have had the banks raise 100bp which means you now need to collect 500 bottles extra this year...add on another 500 or so bottles from last year and in the last 18 months your bottle collecting needs to have risen around 1000 bottles a week.
Now roughly a third of the population requires 1000 bottles a week due to them having a mortgage, thats around 3 million people i think.
So all we need is 3 million people to collect 1000 bottles each and every weak which equals roughly 3 billion bottles a week or 1.1 trillion bottles a year and they wouldnt need to worry about the last 18 months worth of rate rises.
20 odd million people in Australia drinking 1.1 trillion bottles of drink a year...lets hope they dont keep raising rates or we will all need to drink more than the currently required 55,000 bottles of drink a year each or 150 bottles of drink each per day to keep those who have a mortgage on top of where they were last year.
Nice idea Warnie, just a shame its another bulls idea which isnt realistic.
PS just signed a contract for a house last week, PPOR not investment, expect to drop a few hundred k on it over the next 2-3 years. Not an investment but just a home if you can understand that.
