another stupid idea from Labor...., page-59

I was just thinking about this.

Take one of these mortgages.

So you pay 300K instead of 600k. I don't know the exact breakup but for the purposes of example. Or holder has 500K mortgage for 1 million dollar priced house, taxpayers on the hook another 500K

Interest rates go to 18 percent. Have a less mortgage, your fine, taxpayer problem for the rest,

Lol talk about putting the RBA between a rock and a hard place. AUS dollar exit?