An article like that , and a beat up like that for barely 1% of the population shows the nonsense his article is all about.
Without the facts , the people in this mortgage stress most often mismanage their funds, fall victim to other circumatances and that does not warrant clogging this site with hysteria.
Were any of these people to sell - will get worse - to re-enter in the future they will NEVER qualify. Will need 20% dep, no FHOS, no stamp duty rebate.Save $100,000 plus thats what is being asked of them.
Downright irresponsible advice by a man with vested interests. Same applies to the other dude.
Go and get proper advice from independent sources and not the people who stand to benefit. Called a distinct conflict of interest.
