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Expert: Matt Barrie - Why house prices are the cause of today's cost of living crisis

Equity Mates Investing Podcast

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The Math Doesn't Work

I don't really think the agents in many ways to blame. Most of these agents don't have a brain to be that conniving, right? I think demand is there. There's so many tricks with bank accounts in Australia now and mortgages now. Anywhere else in the world, you can pretty much get a bank account and it just pays you interest. In Australia, the Commonwealth Bank pays 0% interest, 0.00%. And then you have this online saver account and you've got to play this stupid game of shuffling money around to actually get any interest. The math doesn't work. So just like in the US where your mortgage went up, doubled or tripled.

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