The Dark Side of Low Interest Rates

debtToday’s mortgage rates are cheaper than anything in living memory. Home buyers are taking out loans five to seven times their salaries to purchase properties that are 20% overvalued. The same cheap money is also pouring into the stock market inflating share prices that are over valuing companies.

Read more at: The Australian Independent Media Network

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s