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‘We never would have bought’: Australian mortgage holders feel the pain as interest rates rise again (www.theguardian.com)

submitted 2 weeks ago by hanrahan@slrpnk.net to c/ausfinance@aussie.zone

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They have decided to sell their newly finished home and pivot to the tiny house movement due to “cost of living and lack of freedom”.

“Humans are not meant to live this way,” she says. “It’s causing a cascade of issues, health issues, a mental health crisis and the fact that so many people aren’t having kids because they simply can’t afford it.”

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[–] Tau@aussie.zone 6 points 2 weeks ago (1 children)

I just exchanged contracts on an apartment so I'm not surprised they chose now to start cranking the rates back up again - I was waiting for something annoying to come along once I committed. Luckily I'm not a complete goose so I didn't borrow right to my max, should be able to handle a few rises without being overly stretched.

[–] CameronDev@programming.dev 3 points 2 weeks ago

So it's all your fault... jerk.