BOXING, It makes me happy that banks never lose because I am a shareholder of most and they make money whether people are rich or poor. The cost of borrowing is quite cheap compared with the 15-23% that I experienced in my borrowing years. The only fault I find with the bank and your mortgage that you can't afford is that the bank should not let you borrow more than you can afford in the first place. The big problem imo is that people are not prepared to start at the bottom and work to the top they expect the big flash car and big mansion the day they get married. From my observations they also lack commitment and will not put in the hard yards to get ahead and they grizzle like shit about their situation whilst dining out with their friends drinking beer at $14 a pint and probably finish the evening with a joint and a couple of Drambuies. Now I admit this is not across the board but it is commonplace
CBA Price at posting:
$164.72 Sentiment: Hold Disclosure: Held
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