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Remember the GFC in loan buffer debate

Letters from readers on cutting the 3 per cent serviceability buffer on home loans, a tax holiday for young people, AUKUS, Richard White, Lidia Thorpe and King Charles.

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I may be 70 years and expected to suffer the malaise of failing memory, but some things are etched in my brain forever. Like the global financial crisis of 2007-8.

As Wikipedia describes it: “Predatory lending in the form of subprime mortgages targeting low-income homebuyers, excessive risk-taking by global financial institutions … culminated in a ‘perfect storm’, which led to the Great Recession.”

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    Original URL: https://www.afr.com/policy/economy/remember-the-gfc-in-loan-buffer-debate-20241025-p5klca