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RE: Where on Wednesday twenty nine: Catching ZZZ's

in OCD5 years ago

Howdy sir galenkp! So you normally complete each stage of the build once you start it? What is the banking situation like, what kind of problems are there?

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Banks were lending to people who were marginal borrowers and stinging people with high interest and fees and charges, not delivering on contracts etc. After the banking Royal Commission things have tightened and now they crawl up people's asses with a microscope. It's making borrowing difficult for many and so they can't buy RE. It's gone from one extreme to the other.

Loads of other problems too, but too complicated to enter into here in a message. I'd need 3000-4000 words to explain it properly..

Yeah I get it. That's too bad, what a hassle for home buyers!

Yep, most under the age of 35 will probably never own their own RE. Not just because of the banks though, but also because of their own spending habits and have to have everything now ethos.

It IS alarming that it has become a debt society with little saving or waiting until they have the money to buy something. Apparently this is the world-wide norm these days?

I think it is, for most anyway. Waiting for something, or going without, seems impossible for most.

I agree. I thought it was just us until I started hearing people on Steemit talk about their countries.

Hey I'm sure this is common for you but it's the first I've seen it!

Yeah, I think that was from the 12 hour race at Bathurst on the weekend. Funny huh? Not so funny when they get hit though. Paint a number on the side of that roo and who knows? He may have won!

Haha...yeah they are darn fast aren't they? I was pretty impressed! Are they overpopulating too? Do they sell Kangaroo meat there?