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Our friendly Australian economics man made a concise video about it a couple of months ago[1]. [1]: https://www.youtube.com/watch?v=Ot4qdCs54ZE https://www.you
by goos 5y ago
Our friendly Australian economics man made a concise video about it a couple of months ago[1].
[1]: https://www.youtube.com/watch?v=Ot4qdCs54ZE https://www.youtube.com/watch?v=Ot4qdCs54ZE
- singron 5y agoTL;DW Very liberal mortgage policy that encourages very low or negative wealth on the low end, and very old money that remains concentrated despite recent income equality.
- Bootvis 5y agoThe video doesn't quite explain the jump though. The amount of old money didn't jump between 2018 and 2019 and it is getting harder and rarer to be underwater on your mortgage.