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There's no "required deposit" at the moment! Where does that...

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jantimot

30,924 Posts.

174

12/05/19

17:36

Post #: 38526403
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Originally posted by Dui ↑

Morrison wants to get young people onto the property ladder by lowering the required deposit from 20% to 5%. In other words the coalition does not want to get housing cheaper. They prefer to push young people a bit deeper into debt. On top of paying back their study loan, add some 'Afterpay' debt, a car loan, etc. ....Beware of the neoliberal trap of accumulating more debt. It won't take long before the Ponzi debt scheme collapses....and don't expect the Coalition to come to your rescue when this happens.

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There's no "required deposit" at the moment! Where does that come from?

While I'm totally opposed to debt on principle, nobody is forcing anyone to borrow anything. Afterpay, credit cards, car loan etc., all a matter of choice.
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