https://www.abc.net.au/news/2020-05-19/coronavirus-combines-with-end-to-interest-only-home-loans/12252828
There are an estimated 730,000 investors, many of whom are self-funded retirees or people planning for retirement, who have taken out interest-only bank loans in the belief property was a safe bet.
We should feel sorry for them because they thought it was "a safe bet". A horse running at $1.20 is "a safe bet", doesn't mean you aren't gambling.
