Household Debt is Up,
Partly Due to the RBA not Putting up Interest Rates.
People can Borrow Money for less Interest so they Borrow more.
That is the Entire point of Interest rates.
When they have to nearly give money away so People will Borrow and Spend Money,
It means the People Borrowing would not have done so at a Higher Interest Rate.
That was not Australians Decision,
It was the RBA's.
Neither is/was the Selling of our Houses to Foreign "Investors".
Most Countries have Banned Foreign Investment in Real Estate,
As it Manipulates and Inflates House Prices.
If they wanted to get House Prices Under Control,
It should have been Stopped Already.
That's a Policy that could have helped,
Which is not the RBA's Fault.
Australians are getting Priced Out of the Area they Live and Work in.
That's not in our best Interest.
House Prices are Far Higher,
And are more Multiples of our Wages,
Hence More Debt.
Interest rates are Low,
More People get Loans,
= More Debt.
That is the RBA's Fault.
Many Australians are getting Priced Out of the Area they Live and Work in.
Many Pensioners cannot even Afford their Rent.
Selling Australia to the Highest Bidder,
Making Houses Un-Affordable to Future Generations,
(and many Australians Already)
Is not in the Best Interest of Australians.
