"UT, your romantic depiction of the heroic spirit of the down trodden Aussie home owner fighting to the last breathe is really charming."
Well I guess you and others just give up at the first sign of difficulty.
"If you can't afford the repayments, you can't afford it. It's that simple. "
Actually it is not that simple. People get used to a certain level of lifestyle that in many cases has a lot of room to cut back. In your current lifestyle you may consider that you can't afford the increased payments due to interest rate rises but if you restructure your lifestyle a bit you find you can afford the extra payments when needed. Its called sacrifice in the short term.
