AusFinance

1298 readers

26 users here now

founded 2 years ago

MODERATORS

‘We never would have bought’: Australian mortgage holders feel the pain as interest rates rise again (www.theguardian.com)

submitted 17 hours ago by hanrahan@slrpnk.net to c/ausfinance@aussie.zone

12 comments fedilink hide all child comments

They have decided to sell their newly finished home and pivot to the tiny house movement due to “cost of living and lack of freedom”.

“Humans are not meant to live this way,” she says. “It’s causing a cascade of issues, health issues, a mental health crisis and the fact that so many people aren’t having kids because they simply can’t afford it.”

you are viewing a single comment's thread
view the rest of the comments

[–] Tau@aussie.zone 4 points 9 hours ago (1 children)

I just exchanged contracts on an apartment so I'm not surprised they chose now to start cranking the rates back up again - I was waiting for something annoying to come along once I committed. Luckily I'm not a complete goose so I didn't borrow right to my max, should be able to handle a few rises without being overly stretched.

[–] CameronDev@programming.dev 3 points 7 hours ago

So it's all your fault... jerk.