Cashed-up in­vestors

Mercury (Hobart) - - LETTERS -

PEO­PLE have only govern­ments to blame for this hous­ing cri­sis. They were the ones who al­lowed cashed-up in­vestors from all over to buy prop­erty and over-in­flate prices leav­ing many peo­ple with no hope of buy­ing a prop­erty yet alone de­cid­ing how they are go­ing to pay ever-in­creas­ing rents. All the while govern­ment mem­bers are sit­ting back smug in their homes and prob­a­bly have some homes on the side for rental. When prices drop even­tu­ally be­cause the mar­ket has run out of in­vestors there are go­ing to be a lot of peo­ple ow­ing a lot more on their mort­gage than their prop­erty will be worth and in a lot of fi­nan­cial trou­ble. The real es­tate in­dus­try can talk the mar­ket up all they want but are they will­ing to help the dis­ad­van­taged ob­tain any sort of mort­gage. Es­pe­cially ones on low fixed in­comes.

Ian Batch­e­lor Mar­gate

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