The 100% loans are for people who can get a guarantor..... mums and dads, most likely.
If the pro-bank lobby on HC can't see the nonsense the banks have created, makes me wonder whether they are in the crappy "finance sector"that has resulted in the amplification of asset prices to unrealistic levels. When the manure hits the fan, people's phoney wealth will evaporate, but the banks will still hold the debt over people..... and they will make sure mums and dads that have gone guarantors for the young people will lose out as well.
