Comments by "John Woodrow" (@johnwoodrow8769) on "‘We don’t see the burning deck’: Assistant Treasurer addresses interest rate rises" video.

  1. What's the problem??? Someone who has taken out an artificially low interest rate housing loan, now can't find another artificially low one, and their current lender wants to raise their interest rate (as the borrower always knew) to the prevailing current interest rate. That's just a free market at work. Yes, those who overextended themselves at the near top of the market will be casualties. On the flip side it will create opportunities for those who previously were excluded or more cautious and thought that should wait. Keep waiting, at least another 12-18 months.
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