|
Still I wonder how many of those home owners/mortgages date from 10 years ago or earlier. It's fine if you got in early I guess but these days it ludicrously unaffordable unless you have bags of money. And it's not easy for renters either.
There are a lot of people out there who should never got given a mortgage to begin with and certainly the government should never of thrown money at them to do so, many, if they don't default will be seriously advanced in their years before they can claim ownership. I'd like to see them fix the housing bubble sensibly before it crashes like the Spanish one.
We can't ride the mining boom forever, better hope there is a good plan b when that stagnates.
A proper national high speed rail connecting all major cities would be a tremendously huge undertaking.
|