The problem in Australia is too much debt, debt piled on top of more debt
We shouldnt be celebrating more lenders lending more debt to Australians
Many people are living payday to payday with mortgage payment leaving them on the poverty line
Australia is getting close to peak debt like I explain in my
peak debt blog
Why do we bid against each other pushing up prices for the same houses
How does this help anyone
We're hurtling headlong into peak debt and the result will ruin society
Debt is the worlds biggest bubble and more foreign lenders isn't the cure