warnie,also, the it is not a new thing to have a population in a...

warnie,

also, the it is not a new thing to have a population in a country buying housing at a very high price, and then interest rates to go up.

what has happened else where is people are forced to sell (which is happening now) because they cant afford the extra interest. or they are forced to up their rents to their tennants on investment properties.

the thing is it gets a point where its too much hassle and its easier to sell the investment house, or the home they live in and rent because they cant afford to keep it

as this happens with the interest rates going up people dont pay as much for the house so the price starts to fall and the person who owned the house walks away with a loss.

and this slowly snow balls and gets worse, and you have a lot of people selling their house at a loss with abig debt and no money to pay the banks back..

this has happened before in many countrys all over the globe countless times in teh last couple of decades.. it is happening in the US, and i think AU is next to go through this.

harder something goes up the harder it can come back down