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29-02-2016, 06:20 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
"Over the past few years, over 40 per cent of all new mortgages originated have been interest-only mortgages.
"This is truly Ponzi financing, where home buyers only make money if their houses keep rising in value," he writes, later describing interest only loans as a "disaster waiting to happen."
Read more: http://www.smh.com.au/business/the-e...#ixzz41UtNSGvK (http://www.smh.com.au/business/the-economy/the-charts-that-suggest-the-housing-bubble-is-out-of-control-20160224-gn2b46.html#ixzz41UtNSGvK)
Follow us: @smh on Twitter | sydneymorningherald on Facebook
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?225805-Australia-is-in-the-midst-of-quot-one-of-the-biggest-housing-bubbles-in-history-quot&goto=newpost).
"Over the past few years, over 40 per cent of all new mortgages originated have been interest-only mortgages.
"This is truly Ponzi financing, where home buyers only make money if their houses keep rising in value," he writes, later describing interest only loans as a "disaster waiting to happen."
Read more: http://www.smh.com.au/business/the-e...#ixzz41UtNSGvK (http://www.smh.com.au/business/the-economy/the-charts-that-suggest-the-housing-bubble-is-out-of-control-20160224-gn2b46.html#ixzz41UtNSGvK)
Follow us: @smh on Twitter | sydneymorningherald on Facebook
Click here to view the whole thread at www.sammyboy.com (http://www.singsupplies.com/showthread.php?225805-Australia-is-in-the-midst-of-quot-one-of-the-biggest-housing-bubbles-in-history-quot&goto=newpost).