house450000 wages 450good luck, page-6

Yes in a perfect world everything we do is our own fault, its the aboriginals own fault they are in the predicament they are, its the bums on the streets own fault for their situation.
if you are depressed its your own fault, if you're unwell its your own fault...we are responsible for everything we do...to an extent

But....what if we were brought up in a bad situation ie an aboriginal camp..what if our parents didnt care to educate us or couldnt afford for us to go to university etc etc..what if we wernet heaven forbid financially educated..just because you sit on a an investment website doesnt mean everyone else should need to ...you have a very simplistic view of the world

Its a governments responsibility to distribute the wealth etc fairly...not everyone is financially educated enough to make a lot of sound decisions and even those can lose their lifesavings ie in the last 12 months fincorp acr etc etc

Its the governments responsibility to limit asset bubbles by aiding to bring in stricter lending rules especially for something as serious as housing imo, by not telling the public they control interest rates and will keep them low, to make sure mortgage brokers are licensed etc etc.

Thats why we have groups like asic and the accc

yes its not all the govts fault we have a housing bubble but its not all the publics fault either, there are responsibilities on both sides...but i think the govt has a fair bit to answer for in regard to this bubble and will be questioned down the track along with financial institutions

90% of another rate rise next week and 20% in december up 10% this week.

12 month bank bills are 1% above current interest rates implying 4 more rate rises coming in the next 12 months...people have borrowed to the hilt expecting rates to be low because of howards promises

get it?