Scary. 52K households would likely default on their mortgages...

Scary. 52K households would likely default on their mortgages next year?

Know that scene in The Big Short where Steve Carrell's Eisman drop his jaw when a stripper told him she has 5 houses and a condo? I've been reading a few "insight" property articles on SMH/Domain and man, we're doomed.

I don't like to belittle or wish ill on those who does well for themselves. And it might sound like I'm all doom and gloom because I wanted others to fail but... I mean, Domain have a story where a 20 year old kid got some deposit from his mom to buy a property, then another, then another... and he's earning $50,000 a year before tax.

There's an Uber driver having 6 investment properties. There's this young couple having 9 properties, having paid some $3.4M on them and still owes $2.7M but somehow have "equity" of $2.4?

Anyone have any ideas on how we can shelter ourselves against this fallout?