I replied to this -
"34.5% of the population own houses with mortgages. 31% own outright according to census.
So is it 1/3 of the 34.5%?"
Is it only IO who are 'under the pump', really? I would have thought they were less stress than the one with P&I since interest only payments are less than P&I.
You go with your numbers then.
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1 in 3 Under the Pump !, page-15
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