@Nonameuser678@aussie.zone to Australia@aussie.zone • 10 months agoRecord number of Australians at risk of mortgage stress as RBA interest rate rises bitewww.theguardian.comexternal-linkmessage-square10fedilinkarrow-up135arrow-down10
arrow-up135arrow-down1external-linkRecord number of Australians at risk of mortgage stress as RBA interest rate rises bitewww.theguardian.com@Nonameuser678@aussie.zone to Australia@aussie.zone • 10 months agomessage-square10fedilink
minus-squarePons_Aeliuslinkfedilink20•10 months ago thanks Labor Both major parties have been keeping the bubble going since the mid-90 and they keep doing it because it is a vote winner.
minus-square@Lintson@aussie.zonelinkfedilink10•10 months agoThe wealth of so many Australians is tethered to property ownership that to threaten housing prices is to basically ask to lose an election.
minus-squarePons_Aeliuslinkfedilink7•10 months agoOnly while there are more home owners than renters voting. But with the population being 2/3 owners (half with a mortgage) and 1/3 renters that will not change for a long while.
minus-square@Taleya@aussie.zonelinkfedilink2•10 months agoNot quite accurate: not every homeowner wants this goddamn insanity to continue.
Both major parties have been keeping the bubble going since the mid-90 and they keep doing it because it is a vote winner.
The wealth of so many Australians is tethered to property ownership that to threaten housing prices is to basically ask to lose an election.
Only while there are more home owners than renters voting. But with the population being 2/3 owners (half with a mortgage) and 1/3 renters that will not change for a long while.
Not quite accurate: not every homeowner wants this goddamn insanity to continue.