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The RBA must surely be hoping to slowly raise the rates back to the longer term average, simply to give them room to cut if we run into hassles.

My point was simply that the original FHOG was a vote buying exercise. We all know it was ramped up for stimulus. I suspect this is simply a miscommunication between us. There was originally a comment about rising delinquincy. I was making the point that delinquincy is lower than in...

Initially, the FHOG was clearly about the votes. It was ramped up as a stimulus. No argument there, but the ramping up was after it had already been around for years. I thought I read it here somewhere. If I'm wrong about 2009, my point about 2008 still stands. We've definitely had a...

Except that interest rates and cost of living varies, and people have kids. Except to win votes? Except that some people can't manage money, and the bank wants to be able to recover it's losses should it happen that people don't make repayments. Also, people sometimes lose their jobs...

Hey, there's no reason they can't both be wrong...