That is because the cost of houses (and really why go into significant debt for anything else?) are stupidly high compared to income. Much, Much higher then what it used to be. Imagine if we had interests rates of 13% or so agian..
7-8% is about as high as the banks can go, any higher and they start getting a large increase in defaults imo. The only way for higher interest rates is for signifiantly lower house prices, ie $100,000k of the cost of a house and land.
- Forums
- ASX - By Stock
- XJO
- 6 geese lay monday
6 geese lay monday , page-187
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
8,013.4 |
Change
31.000(0.39%) |
Mkt cap ! n/a |
Open | High | Low |
7,982.4 | 8,030.3 | 7,982.4 |
Featured News
XJO (ASX) Chart |