The elephant in the room, from my point of view, and I’d be interested in knowing why I’m wrong… The big ticket items — the ‘once-in-a-lifetime’ purchases — are cars and houses. If you don’t have the cash then you have to borrow, and that is where the banks are making the big bucks. Through gearing and the fact they’re the only one’s allowed to lend that kind of money, and charge interest, for an astonishingly long time. Sometimes interest can match or exceed the original loan.
So will Amazon and their ilk start financing home loans?