They should sell their home..tax free and bank the equity, rent...

They should sell their home..tax free and bank the equity, rent back with earnings from wages and interest income...this type of home ownership is madness...they will be 65 by the time the pay off debt unless old money comes into play...
Many are uneducated about real estate in this country and don't bother to seek advice before making such an important and life changing decision.

I spoke with a mate in Melbourne who paid off his house 4 years ago...in the space of one hour after speaking to a relative, he entered into two property transactions in Dubai...his life changed almost instantly...he signed up for an office for 250k and half share on an apt 130k...the office can't be leased because there is glut of properties..can't even rent for $50 per week...not a chance in hell of selling and his apt will be built in Feb 2013...he now funds a 380k loan with no additional income and is doing it tough...he spoke to 3 people and all have advised to sell his home, pay the debt, bank the equity, hope for property cycle to change in Dubai and go back to living...the wife doesn't want to sell due sentimental reasons, yet they struggle...its fn madness and there are thousands more in similar situations but they won't sell...you can see how investing in property can be deemed as a greedy activity.