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Monday, September 11, 2017

Loans from mum and dad lead to greater strain - says RBA

Posted to Facebook on 11/9/2017 at 6:03 PM
Commenting on "Loans from mum and dad lead to greater strain - says RBA"
http://www.theage.com.au/business/the-economy/loans-from-mum-and-dad-lead-to-greater-strain--says-rba-20170911-gyexuc.html


It seems I am always ahead of those real estate and financial experts in my prediction.

I alerted a few weeks ago that those young property owners who depended on their parents' money to pay for deposits of their investments would more than likely to get into trouble with subsequent mortgage repayment.

More than a year ago, I also talked about declining real estate market trend in September 2017, and many gurus seem to agree so now.

Thank you for reading.