Interesting article to counter the numerous amount of articles relating to mortgage stress.
This is certainly a positive for the individual homeowner, as they will end up owning their home sooner whilst paying less interest. Generally these home owners have nothing to do with 'mortgage stress'.
The negative to this is for the broader property market. The extra money that is going into the home owners mortgage was previously being pumped into retail tills and the overall economy.
The people that are in mortgage stress rely on these people to spend that money at their place of employment to ensure they keep their job.
Again, more evidence the economy is grinding to a halt, an economy that built this property bubble.
