House Prices Are Out of Control, Why?

The RBA is Finally going to put up Interest Rates,
At least 5 Years Too Late.

They Are so Out of Touch it is not Funny,
They Clearly have No Clue at all.
The RBA Can't Even Manage Inflation,
Which is far higher than their Claim of 3%.
(Proven by Houses going up at least 20% up to 100%, as well as Food up 20%+, with Fuel up even more.)

The RBA Have Totally Destroyed Generations of Australians Future,
And Many Australians Lives Already.
Pensioners Can't Even Afford Rent Anymore,
The RBA Clearly do not know what they are Doing.

They Have Allowed so many People to get Trapped,
Buying Houses at Over-Inflated Prices.
Many people will lose their Houses,
Especially when the Bank Sells Their Home as It's worth less than the Loan.

They Have Forced Pensioners to Live in Poverty.

Perhaps they were trying to turn our Dollar into a Yen,
Which they are well on their way to Achieving.

They have been there Too Long,
Are Out of Touch,
And Should be Replaced.
They Just Don't Care About or Understand Australians,
Or the Economy.

Paying more for Everything means our Dollar is Worth Less.
They Have Actually Destroyed the Economy and Value of the Dollar.

In 1988, the debts of Aussie households were worth just 63 per cent of total household income.
That is, if we had to, we could have paid off our total household debt bill with about 7½ months of household income.
Today, that figure stands at an eye-watering 187 per cent.
We'd all be working for almost two years to pay off the debt.

It's one of the highest – if not the highest – debt-to-income ratios in the world, depending on how you compare figures.

We Are All Worse Off Now,
Due the RBA's Poor Financial Management.
They Sold Our Future Down The River.

They Do Not Know What They Are Doing,
And Should be Replaced.

Also Other Non-RBA Policies like Banning Foreign Investment Should Have Been Applied Already,
To Reduce these Over-Inflated prices.
We now face the Very Real Risk of a Housing Market Crash,
And the Vale of our Dollar has been greatly reduced.

Pensioners will need a Payment Increase just to Afford Rent,
So Will all Other People on Welfare.
Why was it Allowed to Go On for so Long?