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interestrateripoff

Global Mortgage Debt

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Central banks from Scandinavia to the U.K. to New Zealand are sounding the alarm about soaring mortgage debt and trying to curb risky lending. In Australia, where borrowing is surging, regulators are just watching.

As house prices are now crucial to global growth they can only keep pumping.

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Again it's a global problem due to interest rates being so low, it will lead to another global crisis.

Not sure about the stats though. I'll have a mortgage debt on the books, but have an offset with savings which means I'm paying no interest. The offset products in Oz make it very worthwhile, but it probably looks like a balance to the regulator?

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