this post was submitted on 06 Jun 2023
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Whelp there goes my savings. (www.abc.net.au)
submitted 2 years ago* (last edited 2 years ago) by Designate6361@lemmy.ml to c/australia@lemmy.ml
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Who else is having their mortgage fecked by interest rates at the moment.

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[–] argv_minus_one 1 points 2 years ago

Adjustable-rate mortgages are a horrible idea. This is why. The US learned that lesson the hard way in 2008.

It's shameful that the world's governments do so little to keep their hard-working citizens from losing their livelihoods. In a perfect world, adjustable-rate mortgages would be illegal.