maxing out the plastic to pay for the everyday basics, odd splurges and over priced property.
see it all the time, little wonder we are at 189% on the back of historical low rates and rising.
when the cheap rates end there will be plenty of losers not just those overexposed to one mkt.
the economy and govt fortunes are so reliant on maintaining a strong housing market.
imo the high prices paid today will do more damage in the long run
economy flatlining.
all booms have a bust property is no different,one day it will all end in tears one day.
the real winners will be those cashed up ready to buy heavily discounted assets & goods.
