Thursday, June 08, 2023

Cost Of Living Crisis

Draw down THE MONEY, use the equity in your house, that is what ‘they’ have said for years. “Don’t worry, it will be fine, it is a modern world.” It’s the new way. Never ending credit, don’t you love it. 

No, don’t pay off your mortgage, that’s no fun, but a new car! Get that house renovation, you deserve nice things. Have a holiday, you’ve earned it. Buy her that diamond ring, how else are you going to get your leg over? Buy him that jet ski, how else are you going to get him up in ya? You work hard, you deserve it. Eat out. Spend up, you can’t take it with you, you know.

Is this corporations working for the best of its customers? 

Or is this corporations, namely banks, maximising their profits?

What do you reckon?

Sucked in, I guess. Fooled, I’d say to you. What else is there to say, really, I ask you? You didn’t pay your mortgage down and now interest rates are going up.

Pay off your mortgage, it is your biggest asset after all. The older generations knew to pay off their mortgages, they didn't have draw down facilities, of course. Who do draw down facilities really benefit, in the end?

And it’s not just the banks, corporate profits are at a record high!

And wages are not.

Corporations are screwing you over. That is the real crisis.


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