realistic expectations, page-4

"no savings to speak of" yet they are now in a situation of 'force saving' min. $30k pa just to fund a mortgage? I don't understand how someone who can't save all of a sudden CAN save! In the good old days you had to have an account with a lender who you had to demonstrate a strong saving record. My folks had me open an account with the CBA when I was in primary school on the pretext one day I would want to borrow money. When I did they checked my savings patterns even though I borrowed just 50% of the house price and worked for a multi national company. Now you just get a loan with no savings history. Seems like another example of risky lending standards.