Hang on. When a house was one third the cost of a house now and only 3 times your wage then the payments were far more manageable despite higher interest rates.
IE as a proportion of your wages it was a much lower impost.
I know because we had a mortgage on 2 investment properties and our own house. Yes I was part of the problem. Yes negative gearing should be banned or seriously curtailed.
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Hang on. When a house was one third the cost of a house now and...
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