WOW, that will be disasterous.
Not sure how many home owners will get broken chased by bank for their mortgages?
Is there any data showing how many home owners how much they left in their mortgages?
eg.
20,000 home owners have 15% mortgages to pay
120,000 home owners have 55% mortgages to pay
RBA - 40% house price fall, page-2
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