Australia's largest stock trading and investment forum Australia's #1 stock forum

2 rate cuts coming, page-170

First 170 Last

Share
Profile

Follow
hawkers

3,404 Posts.

04/02/15

21:21

Post #: 14699644
Share

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?

Expand

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

Reply

Top Stories

Bitcoin hits fresh record as instos pile into BTC ETFs – and Trump helps, too

Aussie inflation seemingly hit a 3 year low. So why's the ASX200 red?

The Altcoin Landscape (Part 1): Key alternative cryptocurrencies to watch

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Making money: How many microcaps should be in an investor's portfolio?

There are more pages in this discussion • 13 more messages in this thread...

First 170 Last