Conversation

A couple of folk have brought it to my attention that Domain instigated some editorial changes to the article. This is far more responsible and better reflects the intentions of the article's author who is as frustrated as we readers are.
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I get what you are saying. I do not know, what is the mortgage market like in Australia? US we are used to 30 year fixed mortgages because of federal support through FNM and FRE who buy qualifying mortgages and provide liquidity. Not so other places.
A lot of this is actually regulators fault. I work in mortgage broking and the hoops we have to jump through For people just to get a loan.
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In Baron Munchausen, "pulling yourself up by your bootstraps" was intended to be an ironic statement about something that's a lie and clearly impossible, so kind of nailed it in a way
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