homeowners selling at big losses over rates an, page-8

"The crunch came and the SHAREMARKET and NOTHING else precipitated the problem"

Bit of a narrow blinkered view there passive

Yes a lot of people are being hit who borrowed against the over inflated equity in their homes to invest in the share market

And there are a lot who over leveraged into the property market buying their next investment property on the over inflated equity increase of their previous property. Works great until interest rates go up and your equity values start to fall

and there are a lot who were foolishly relying on the gains from investments (shares and property) to continue at the rate they were to fund life styles including massive mortgages

Fact is both the equity markets and property markets have been in an investment bubble, the trigger that has brought both markets down has been the sub prime mortgage mess from the US, which was property based.