Hi id like to focus the debate on another issue not given much thought.
Theres been a lot of commentary on over indebted borrowers and neg geared investors hocked to the eyeballs
securing properties bk 2 bk and various forecasts playing out through the media and of possible quantum of
mkt corrections.
What hasnt been discussed in much detail is the impact this will have on the margenilised, the renters who through no fault of their own will be upset and stressed out if their home/rental is sold by the banks to stem the losses haemorrhaging their balance sheets.
Unlike the USA you cant just walk away from your debt.
Down the track as the meltdown picks up steam i see alot of people getting stressed out,renters, investors, bankers
and the broader retail sector business owners as discretionary spend drys up.
