I can't understand your Maths......
You buy a house for $500k and pay off $50k
That leaves $450k you still owe. Correct?
The value drops to $300k... you sell it??
Does this not leave you still short $150k to the good people who lent you the money in the first place?
- Forums
- ASX - General
- housing to devalue 40 to 60 percent