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Older borrowers taking out later-in-life loans risk post-retirement mortgage pain (www.abc.net.au)

submitted 9 months ago by hanrahan@slrpnk.net to c/ausfinance@aussie.zone

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Australians are increasingly taking out home loans later in life as higher property prices delay first-home buyers getting into the market — with some analysts warning it could lead to post-retirement mortgage pain.

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[–] TheCriticalMember@aussie.zone 0 points 9 months ago

I've found the simple trick to avoid that pain by simply never being able to afford a house! I get all the joy of paying off a mortgage forever with none of the inconvenience of home ownership. 😎

[–] boletus@infosec.pub 0 points 9 months ago

People told me Australia is great for old people to retire. I guess only when you are already at that retirement age

[–] dgriffith@aussie.zone 0 points 9 months ago* (last edited 9 months ago)

risk post-retirement mortgage pain

Hahahahaha, "retirement", that's a good one.

- GenX with a 700k mortgage.