Let’s artificially stimulate our economy with incentives to build/renovate without taking in to account finite resources…

Oh I’m so surprised much of Australia’s construction industry is now on the brink of collapse 🙄 Ass hats

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Thats what happens when you drop interest rates so close to zero it doesnt matter, then let any building company with more than two hammers borrow itself into Oblivion buying out smaller businesses. Sadly the people least able to afford it will be the ones that pay.😷

Notladylike

@whowasthatmaskedman Yep it’s hard to watch. Good friend’s of mine knocked down their old house ready for a new build. Meanwhile the building company keeps pushing delays and I’ll be surprised if they don’t fold completely before the end of the year. No doubt one of many families with debt maxed out to capacity.

whowasthatmaskedman · 70-79, M

@Notladylike Sadly yes. I would advise them to get a little legal advice NOW! It may be the best few hundred they ever spend.😷