Bravotwozero
New Member
- Joined
- Oct 19, 2006
- Messages
- 995
- Reaction score
- 30
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- Location
- Perth
- Members Ride
- MY12 AMG C63 W204 Speedshift + 2013 KW T909
im just gonna say my 2 cents here. My father paid $45,000 for a house in Edwardstown (fairly wealthy area for SA) under a labor government with a 25% intrest rate. The intrest in that house alone was $11250. That house was recently sold for $300,000 mark which at 6% intrest is $18,000. Yes inflation occurs but not at the rate of this. Low intrest rates have allowed house prices to skyrocket and so people are spending more then they were under a labor government on repaying intrest alone....As for the IR laws 4 of my friends fathers/mothers have got the sack and now are relying on centrelink for money as these days its fairly hard for 50 + years people to get a job in this country...Thankyou Mr. Howard, Costello and all the other liers in this so called democracy. So much for a fair nation
Geez can't win. People bitch when the interest rates are high and people bitch when they're at record lows.