Jail Any Banker Lending To First Home Buyers This Week!

Banks have said they will pass on Reserve Bank cuts of today.

The cuts are irrelevant to everyone who currently has no lending with a bank.

I have seen some commentary from the economic illiterate classes of stupid, stating that the Coronavirus panic is a GOOD thing as first home buyers now may be able to enter the housing market.

NO
NO
NO
NO
NO

I would go as far as saying any banker in New Zealand and Australia writing a home loan this week, in fact this year, to a first home buyer should go straight to jail.

First home buyers are unlikely to have jobs in the state they know them to be by the end of the year.

Repaying a mortgage will be the last thing they will be doing.

Comments

  1. DO YOU THINK OF GETTING A LOAN??
    APPLY TODAY FOR AFFORDABLE 100% LEGITIMATE HOME/REAL ESTATE/PERSONAL/BUSINESS LOANS Email for immediate response: (loansharkinginvestment@gmail.com) Text/CallWhatsApp +1 803-371-3267

    ReplyDelete
  2. DO YOU THINK OF GETTING A LOAN??
    APPLY TODAY FOR AFFORDABLE 100% LEGITIMATE HOME/REAL ESTATE/PERSONAL/BUSINESS LOANS Email for immediate response: (loansharkinginvestment@gmail.com) Text/CallWhatsApp +1 803-371-3267

    ReplyDelete
  3. Why is that the fault of the bankers? I don't see them driving around with a bag of lollies saying "Psst! Wanna borrow a lazy mil?" Banks take the risk that borrowers - who are invariably sane adults with some means of repaying the loan - will continue to be able to service the mortgage. if they can't, and lose their house, that's on them not the bank that loaned them the money.

    The very last thing a bank wants to do is be in the business of owning and selling houses, especially with the price dip widely predicted. I thought you'd be a big fan of personal responsibility, so jailing bankers simply doing their job seems capricious and unfair - not to mention you'd have a hard time finding a "crime" to charge them with.

    Now if you want to go after predatory lenders, follow around some of the "home shop" trucks that sell attractive-looking, low-quality items to vulnerable households at inflated prices and usurous interest rates. Those consumers are not in the same category of a house-buyer.

    ReplyDelete
  4. Additionally the chances this coming recession pops the housing bubble and leads to people owing more on their new house than it is worth is very very very high.

    ReplyDelete

Post a Comment

Popular posts from this blog

Hendy Wrong - Yet Again - The Emperor Is Wearing No Clothes

Grant Robertson Attempts To Gaslight Peter Williams