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I'll ignore most of that. Ok so unemployment is on the rise. You...

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nosirommit

1,995 Posts.

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15/11/17

10:34

Post #: 28803017
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Originally posted by lispingduck ↑

Who judges the risk of a loan in hindsight?

Who changes the topic? Like i said cut the crap im still on topic.

How high do you think unemployment will go? If prices fall 20% in Sydney and unemployment goes to 10% the remaining 90% of the workforce will still have a job. If you are unemployed at a 7% unemployment rate you would unlikely get a loan anyway, the same if you were unemployed when the economy is booming. What the hell are you yalking about. When you apply for a loan the bank assesses your current income and savings history.

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I'll ignore most of that.

Ok so unemployment is on the rise.
You think banks will not tighten up lending on the basis that unemployment may continue to rise as consumer spending dries up?
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