Sunday, July 30, 2006

The Great Aussie Dream

I heard today that some of our banks are about to make their housing loans available to take over 40 and even 50 years to allow the "battlers" to pay off this huge debt for the rest of their lives ( literally )!We are getting to a point that we can no longer afford the great Australian dream of owing our own piece of soil. The prices for homes are crazy and none of us can manage to even save a deposit let alone keep up the repayments for the next twenty five years.But to look at a document that chains you to making repayments for the next fifty years of your life is a hideous thought.Guess it will baked beans for the next few years then...

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