Pug, multiply the jitters by 1.6 million landlords (some with...

Pug, multiply the jitters by 1.6 million landlords (some with multiple properties) and you get the mother of all stampede.

Listings will increase gradually in the beginning and then expoentially as everyone scramble to get out.

Remember the FHBs to be slaughtered (thanks to Rudd) aren't just those who bought last year but also those who bought in recent years.

Add in the large number of LO-DOC loans written out between 2006-2008, and you get a subprime explosion like no other.

If you remember the headlines of 2007 to late 2008 (just before the 60 year low RBA present and FHBG giveaway), we were bombarded every night on CA & TT with teary home owners being escorted off their properties and the sheriff changing the door locks.