My properties are worth a lot less.
My shares are worth a lot less.
My super is worth a lot less but I am in my 30's so not an issue.
My debt servicing committments have dropped off dramtically
My debt is reducing at it's fastest pace ever.
Bottom line is, If I can stay employed, I will probably come out of this better than I went in, once the assets regain their value.
My debt levels will most certainly be significantly less if we can sustain long periods of low interest rates, say 2-3 years.
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