I borrowed to speculate by having a house built on a large block that I subdivided. The builder went broke, a large Perth builder and while indemnity insurance covered the cost it took 1.5 years to complete and I was heavily mortgaged with sky rocketing interest rates and a falling market as it finally got finished.
The point is and I gave the $100,000 example to you to prove the point, it was twice as hard to service an average loan then as it is today and the exact opposite of your post and your opinion.
