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Oz, what the heck is this rubbish?
Your thoughts, opinions....
God a lot of people would love to have a house like yours.I bought my block for $7k five years ago. I intentionally don't own a $500k property with a $490k debt. Well mostly intentional as I couldn't afford a more expensive block. I opted for a cheap house and live within my means and have a nice two bedder, one bathroom and shed. All up less than $150k and I only earn $450 a week, less than a damn pensioner and I have to pay to get to work..... I'm not of the mindset that I need the best TV and the nicest lounge and what ever else people put on their GE Money Geenie cards.... Nope most of my furniture is second hand because I refuse to buy goods that I can not afford to pay for without booking it up.
I also have no sympathy for anyone who feels mortgage stress because they have to have the best house on the best street in the best suburb... People who complain they will never own sht me. Like you say Figjam suck it up, I say and work it out. Even on the disability pension you can own a house if you choose the right location.
The fact is there are so many people who are going to be in a world of pain in a few years time when interest rate go back up. Then we will hear how ruthless the banks are, hurting the poor Aussie battler......, yepp they will flog that dead horse a million times over. When realistically we have had 5 or more years of interest rate bliss.... Yet people want the best and the biggest and have this gimme, gimme mentality, and must live in a city and so mortgage themselves to the hilt without giving it a thought to what might happen in another 5 years when interest rates are almost doubled...
Marxist !!!Oz, what the heck is this rubbish?
Well I agree you are correct in all that.What I have been hearing Zeke is to make all "nations" equal in the form of low wages, fighting for scraps. That only serves the world Oligarchs (TPP, NAFTA, etc..). Why you think George Soros Open Society foundation is all about. Tie all the world economies under one single currency (SDR) Governed by Technocrats like the EU and Corporations. You have to be blind or in denial for not to see it. Most people rather engaged in academia, debating on "politics" and stupid issues.
I hope the Iran Deal blows up to expose the real truth. A deal that was never signed and is huge money laundering operation. Has nothing to do with Nuclear Weapons bullshit. By drawing from the deal, sent the snakes running with the head on fire.
Follow the money and you will find answers.