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hawkers

3,404 Posts.

04/02/15

21:21

Post #: 14699644
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Originally posted by kingpins ↑

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?

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Who in the hell takes 30 years to pay off their house?
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