property 20 years lockout, page-93

miles was talking about an ordinary dogbox in an outer suburb that you dont need a regional flight to get to - not Toorak. spin it any way you want. Its madness that will have to crunch to an end

from sandybeachs subprime article

"The blowup at American Home is a reminder that the mortgage market remains a major threat as well. American Home's customers, after all, were borrowers with generally good credit histories—an indication that the mortgage mess is no longer confined to risky subprime borrowers. Through the rest of this year and into next, a raft of adjustable-rate mortgages will begin adjusting to higher interest rates. The higher monthly payments could squeeze even borrowers with good credit histories, leading to a new round of mortgage defaults."