I dont mean to tarnish all under mortgage stress. I was trying to make the point that econimists dont always understand reality.
Take fuel prices, when they started going above $1, there was claims that the world of the car would end. The recent survey indicat $2.25 is what sydney motorists are willing to pay before changing behaviour. and why the emotional attachment and the staus that is projected by the car.
the same for many is that they are stressed not from the mortgage but from the inability to maintain a lifestyle.
Just need some commensense.
something that even the most inteligent do not posses.
