stacksatsio on Nostr: The #AUStriches Housing Ponzi will be kept afloat with 50-year mortgages. Nevermind ...
The #AUStriches Housing Ponzi will be kept afloat with 50-year mortgages.
Nevermind that it now takes 26 years for a school-leaver to save up for a deposit on the average home meaning these people will be in their 90s by the time they pay off their hooom; the Boomers must be kept dumb and happy at all costs!
Nevermind that it now takes 26 years for a school-leaver to save up for a deposit on the average home meaning these people will be in their 90s by the time they pay off their hooom; the Boomers must be kept dumb and happy at all costs!
quoting note1xyk…u4z9The #AUStriches Housing Ponzi will mint 400,000 new paper millionaires by 2028.
The wealth disparity between the Boomer landed gentry and the actual productive members of society is totally out of control.
https://www.afr.com/wealth/personal-finance/australia-will-have-400-000-new-millionaires-by-2028-are-you-one-of-them-20240709-p5jsbh