Mordecai
Norm Smith Medallist
Although I tend to agree in principle, I wonder the borrow power of someone on $523 vs $1634 is.. I wonder if that’s the exponential difference.
This is true. Everyone piled in on borrowing and those that didn't get in are left behind.
The Great Australian Dream is keeping the economy weak
The authorities have had little success at pushing the economy along. The Reserve Bank governor thinks he knows why.
www.theage.com.au
But look here now. They want us at the same time to buy houses with a massive mortgage and also spend on coffee etc to keep the economy going.
It can't be done. People are getting squeezed and eventually it's unsustainable.
The person running the coffee shop isn't selling coffees and can't pay the mortgage.