Don't know why I bother posting here
Seriously, few people are mortgaged up to the eye balls. Most people have a fair amount of equity in their property and even if property values dropped 10% which IMO would be a worst case scenario would not be a trigger for mass forced sales.
Ask your self and others, would you sell your home if the value dropped? Maybe to buy another but otherwise you still need some where to live and your mortgage payments are about the same as rent or less.
- Forums
- Property
- australia's very own subprime crisis looming
australia's very own subprime crisis looming, page-187
-
- There are more pages in this discussion • 52 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
FWD
Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne