moorey
call me Mia
That’s why I go to the Trump thread though.I come here because sometimes it's quite fun and informative to feel really stupid.
I’ll see myself out. I’ll be checking my rates for tank and dam tax though.
That’s why I go to the Trump thread though.I come here because sometimes it's quite fun and informative to feel really stupid.
They will be once their property value falls below what they still owe on the loan.Another interest rate rise.... is everyone with a mortgage doomed??????
Not overly likley unless they had high LVR loans taken out recently (ie last 3-6months).They will be once their property value falls below what they still owe on the loan.
Or a Ranger, jetski and motoI reckon building trade will get hit. They drove the ebike prices high. So I might get a Santa Cruz ebike for 4K soon
A lot of people have 4 or 5 different types of loans including credit cards, in other words a debt up to their eyeballs. I personally know a few that are crapping themselves, money is all gone and bugger all to show for it other than their own home which will be what they're going to lose. People are still paying debts from the covid downfall.Not overly likley unless they had high LVR loans taken out recently (ie last 3-6months).
Lenders and LMI providers have been bearish on high LVR loans for the better part of a year now so most high lvr lending has been sitting at 85-90% rather than 95-97%. Leaving relatively safe levels of equity in newer purchases.
Quite a few building firms are in trouble in Qld because of the materials price hikes.I reckon building trade will get hit. They drove the ebike prices high. So I might get a Santa Cruz ebike for 4K soon
...or a $150k Wakesetter!Or a Ranger, jetski and moto
That has zero to do with thisA lot of people have 4 or 5 different types of loans including credit cards, in other words a debt up to their eyeballs. I personally know a few that are crapping themselves, money is all gone and bugger all to show for it other than their own home which will be what they're going to lose. People are still paying debts from the covid downfall.
They will be once their property value falls below what they still owe on the loan.
Well those idiots should have just taken the money out of their super...People are still paying debts from the covid downfall.
I'm sure there will be plenty of people who bought houses at the very top (maybe even a bit over) of their budget because "keeping up with the Jones". Instead of being sensible and buying well within their means.Not overly likley unless they had high LVR loans taken out recently (ie last 3-6months).
Lenders and LMI providers have been bearish on high LVR loans for the better part of a year now so most high lvr lending has been sitting at 85-90% rather than 95-97%. Leaving relatively safe levels of equity in newer purchases.
Australia's largest home builder Metricon almost went under last week. Currently being propped up by the CBA and some justifiably panicky shareholders.Quite a few building firms are in trouble in Qld because of the materials price hikes.
They basically end up in the same boat as people with high LVR'sThat has zero to do with this
The super money is just the start, banks gave covid business loans, business overdrafts at the max, nonpayment of tax and the list goes on.Well those idiots should have just taken the money out of their super...
Yeah, scary times for some people and nothing seems to be changing fast at this present time too, and the homeless are still homeless.Australia's largest home builder Metricon almost went under last week. Currently being propped up by the CBA and some justifiably panicky shareholders.
You know the market is having some "issues" when a company responsible for over 10,000 homes in the last couple of years is in that kind of shit.