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RBA Interest Rates to plummet early 2023, page-34

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18/09/22

11:35

Post #: 63758680
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Originally posted by wiskers: ↑

I agree with you AuCu, the covid stimulus spending did cause the situation we are now facing (I reckon it's the biggest robbery on the least wealthy by those more leaning towards the wealthy end of town).

After the stimulus package was released by the LNP, if we look at housing, your house has gone from $100 to $120 and the person who wishes to buy a house with $100 in the bank is now still $100.

Now look at a person who has just brought in the last 2 years, (the bank of mum and dad usually help with the deposit via a redraw on their house which causes the parents to work longer). What a terrible situation to be in.

When you can't make the repayments because of higher interest rates and the house prices become depressed, that's when the someone with assets behind them can come in and benefit with the assistance of the taxpayer

The sooner the government stops helping landlord through tax assistance and rental assistance on a massive scale the cheaper that property will become which will allow more people to be able to buy a house.

I know it will be painful for landlords and tenants alike, but the situation now stinks and must change for the benefit of all, not just those that already have asset.

Remember over 30% of the population don't own property

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100 to 120

barharahahraahahahaaaaaaaa......not even close
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