- 27 May 2017
Get Real About The Real Economy
On the Ghan travelling Darwin to Adelaide I met a lot of interesting people and some stories I will be telling you.
The credit squeeze continues
A lovely couple nearing their retirement with combined income of nearly $100,000, wanted to buy a property and needed to borrow just 10% of the cost.
An easy lend you would say. Not thanks to APRA and the RBA. The couple were refused not once but by three different banks.
Was it the age? The coupe are approaching 65. Age discrimination by a government that is predicting we will have to work longer and will be living longer into our 90's.
Who is running the country?
Super - Safe or Financial Suicide?
Another lovely couple sold their home on retiring and invested the money into a Super Fund. Five years later 90% of their money has disappeared.
Meanwhile their home that was sold continues to march on in value, yet our government would not allow you and me to direct our Super to safe bricks and mortar. Why?
They are afraid of upsetting those that benefit from your Super - the banks who have gobbled up financial planners and the unions who control many Super Funds.
So, the real economic future of us voters suffers.
We need someone in the senate to get real about the real economy.
Kevin Young Property Club Founder
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