If you’re an Aussie you need to stress test your mortgage to 10%. That’s right. At least.
This shit show has a long way to go.
Lowe is a 🤡 and most certainly does not have it under control.
If you can get by at 10% good. If not make changes now.
Not worth the pain later.
My landlord just tried to hit me with a 12% rent rise, managed to get it down to 9%, still stings but at least am ok for 16 months before I could get hit again.
10% interest rates will break the housing market, it’s already broken but that will not be good.
It’s going to happen. Your landlord is over leveraged like most property investors in AU.
Property is such a scam.
Housing should have never been monetized.
This is what fiat has given us.
Remove our ability to save reliably and all sorts of fuckery ensues.
30 years without a recession.
Aus can’t afford to have the property bubble burst, people aren’t ready for that level of pain.
I see what you mean:
Lol holy shit right on time.
