PARENTS ROPED IN BY MALCOLM TO PLACE THEIR OWN HOME AT RISK AND HELP THE KIDS . Ughhhhhhhhhhh
Shocking.....met several couples at the wedding whose parents had to help them buy their first home...
It’s the only way possible for young people to get into the property market especially in Melbourne and Sydney...
Tragically it’s the new accepted norm...nobody wants to know of any risk until it happens to them and they become a victim themselves...
Everybody has been brain washed ...Hockey told them to ‘have a go’....Turnbull said ‘give their kids a leg up’...Costello encouraged ARIP’s to ‘spend the kids inheritance spin’ pre the GFC...
The only lesson learned from the GFC aftermath is ‘better to help your kids now than wait until they get their inheritance’...
It’s the non-disclosure of what people are being led into that’s the crime...after all the essence of banking is to control debt for he who controls debt controls everything including Governments!
My comment:
Yes indeed then the entire family lose their homes: that's the Bankers Plan and then THE BANKERS WILL PRICK THE BUBBLE when it suits them and everyone caught with an INTEREST ONLY sup prime loan, will fall over the cliff. th rest who hang on will be paying off a much higher sum of money than the valuation of the home.
Our schools do not teach us about money and banking
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DENISE L BRAILEY
denise@bfcsa.com.au