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Leisure and Society
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Australian & New Zealand
Are Australians really that ignorant?
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<blockquote data-quote="Anduril" data-source="post: 41300039" data-attributes="member: 97872"><p>It was raised in JSIW's post where he claimed John Howard was the worst PM. Keep up Dag.</p><p> </p><p></p><p>Yes and Fraser/Howard also inherited interest rates that were rapidly accelerating. 8% when they took office. Not surprising really as we all know Liberal governments are generally voted in to fix the previous Labor government's mess.</p><p> </p><p></p><p>I don't think you have thought this one through. Tenants usually rent from landlords who pay interest on rental property loans. Increases in repayments get passed on to the tenant. There are many Australians who are renting and paying off their homes who will struggle wth hikes in interest rates. With housing affordability so low right now this is not favourable for them at all.</p><p> </p><p>Also most Australians do not generate enough interest income to care about the additional interest as they would need a substantial amount to begin with. If they had that much they wouldn't even care about small increases in their income. They generally have other investments anyway like shares and managed funds.</p></blockquote><p></p>
[QUOTE="Anduril, post: 41300039, member: 97872"] It was raised in JSIW's post where he claimed John Howard was the worst PM. Keep up Dag. Yes and Fraser/Howard also inherited interest rates that were rapidly accelerating. 8% when they took office. Not surprising really as we all know Liberal governments are generally voted in to fix the previous Labor government's mess. I don't think you have thought this one through. Tenants usually rent from landlords who pay interest on rental property loans. Increases in repayments get passed on to the tenant. There are many Australians who are renting and paying off their homes who will struggle wth hikes in interest rates. With housing affordability so low right now this is not favourable for them at all. Also most Australians do not generate enough interest income to care about the additional interest as they would need a substantial amount to begin with. If they had that much they wouldn't even care about small increases in their income. They generally have other investments anyway like shares and managed funds. [/QUOTE]
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Are Australians really that ignorant?
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