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Mortgage Broker News | 10 Jul 2015, 08:56 AM Agree 0
Newspaper headlines thunder that housing prices are out of reach of average homebuyers, yet mortgage brokers’ bottom lines remain healthy – what is the true story?
  • Caveat Emptor | 12 Jul 2015, 09:43 PM Agree 0
    Neoliberal junk economics. Polls and his predecessors will be hunted down for the destruction of our society.
    The financial illiterate suckers who are leveraging up 15-20 to one on mispriced credit at record low rates will get devastated over the next 5 years. Then look for these morons to come looking for handouts from the rest of us
    I am sick of this corrupt and fraudulent system that pretends to be ” free market” capitalism
    The system is designed to siphon off massive wealth from the masses via mispriced credit and govt policies to encourage debt fuelled consumption
    The average person just needs a pocket calculator to start with their gross income then deduct all taxes, user fees, mortgage interest payments, other debt interest payments, insurance premiums, and then from whatever is left you deduct inflation and investment fees and taxes on the illusory gains
    Once you do this you can see we live in a neoliberal paradise
    If Poloz lowes rates again Wed we are o r step further to the end game
    Lowering rates does NOT help the economy. It destroys it. Any temporary boost in GDP and income is fake as it was driven by an increase in unproductive debt
    So easy to see the scam they are pulling
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