Fiona KatauskasJun 6, 2023
Greg Jericho
Am hearing the rates going up is good because all the RBA need to do is quickly drop them if things go bad… and I think FMD life is so much easier when you just think it’s all numbers on a spreadsheet
Jun 6, 2023 at 12:50pmMetatext
Show threadBeesoJun 6, 2023
@grogsgamut none of the people making policy or writing columns have mortgage stress……
Show threadBridgetJun 6, 2023
@grogsgamut media are complicit
Show threadJames PurserJun 6, 2023
@grogsgamut the beatings will continue until morale improves
Show threadRussell DegnanJun 7, 2023
@grogsgamut Numbers on the spreadsheet look so much worse when there is a huge risk attached to debt repayments. This is bad in both directions because it breaks sensible planning of investments. Every previous recession is preceded by rate hikes and it exacerbates the underlying issue. The RBA should have a limit of 1% on rate change within any 4 quarters.