Would like to get Lawrence back in a few months and follow up on the climate of his industry and see whether it's gotten better or worse. Maybe by that time we will have another 1-2 rate hikes
I found the ending a bit starry eyed and naive. When they started talking about WHY homes are so expensive, and deposits take so long to accumulate - they offer no opinion and no solution. The guy even seemed thankful for low interest rates in the last few years. The big banks and mainly the RBA need to stop flooding the market with easy credit, as they've been doing for close to 20 years now.
I support the earlier comment we are humans after all and it is human life that is at stake here. Money, debt...all of it is secondary to human life. The level of debt people are expected to pay back for basic shelter is reprehensible and has no place in a nation that wants to consider itself developed. The debts need to be cut and at least partly forgiven, from sovereign US debt to mortgage debt to commercial debt to student debt. The economic system requires a debt reset, that is the only option.
No. Rates need to be risen. Rational behaviour needs to be rewarded. Greedy and predatory lending AND borrowing needs to be left to face consequences of its actions. Why is it only the weak*, poor, dumb and incapable that need to take personal responsibility for their actions? Not that I think poor people are weak, on the contrary. Perhaps soon we will find out.
I wasn’t expecting to get emotional lessening to topics about mortgage, but I did after lessening this episode. Well done Laurence, we are all humans after all.
What a great guy, really enjoyed this podcast
We agree! Glad you enjoyed
Would like to get Lawrence back in a few months and follow up on the climate of his industry and see whether it's gotten better or worse. Maybe by that time we will have another 1-2 rate hikes
I found the ending a bit starry eyed and naive.
When they started talking about WHY homes are so expensive, and deposits take so long to accumulate - they offer no opinion and no solution. The guy even seemed thankful for low interest rates in the last few years.
The big banks and mainly the RBA need to stop flooding the market with easy credit, as they've been doing for close to 20 years now.
I support the earlier comment we are humans after all and it is human life that is at stake here. Money, debt...all of it is secondary to human life. The level of debt people are expected to pay back for basic shelter is reprehensible and has no place in a nation that wants to consider itself developed. The debts need to be cut and at least partly forgiven, from sovereign US debt to mortgage debt to commercial debt to student debt. The economic system requires a debt reset, that is the only option.
No. Rates need to be risen. Rational behaviour needs to be rewarded. Greedy and predatory lending AND borrowing needs to be left to face consequences of its actions. Why is it only the weak*, poor, dumb and incapable that need to take personal responsibility for their actions? Not that I think poor people are weak, on the contrary. Perhaps soon we will find out.
Can he do that magic with HECS/HELP debt that's now compounding at 7%....2024 possibly 8%.....
Still not understanding why superannuation isn't being garnished by Creditors?
I wasn’t expecting to get emotional lessening to topics about mortgage, but I did after lessening this episode. Well done Laurence, we are all humans after all.
Not big debt
Can you convince a lion to be vegan?
Lol
A lion will eat anything if it’s hungry enough. 😊