Comments by "John Woodrow" (@johnwoodrow8769) on "Millennial voters are not interested in ‘inflation or interest rates’" video.

I would have thought the percentage of Millennials voting to the left of politics would have been even higher than 65%. As a generalisation they have little life experience, are extremely narrow and closed minded, and are rather selfish and lazy. Perfect fit for a socialist mentality.
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@aaronnoyb Your example to explain your logic i.e. "A 500k house at 3% costs a lot less per week, than a 400k house at 6%" is highly flawed. First time house prices reflect "affordability". The ability to raise the necessary deposit, and the ability to meet the monthly repayment. And that monthly repayment is the maximum they can afford. If interest rates move from 3% to 6% the selling price of the house MUST fall to a level that the monthly mortgage can still be paid, basically the same as it was at 3%. Rising interest rates ARE good for people wanting to get into the market at some time in the future. The higher they go the better. A smaller deposit will be required due to the reduced prices. And as the interest rates finally start to come down again the repayments will become easier and the price of the property will rise.
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