Problems are easily masked over when your pockets are being lined. This is an arms race to see who can rack up the most debt. The household debt burden will end up on the public balance sheet and the next generation of taxpayers will cover the cost.
I've got mates who you wouldn't lend your lawnmower to who have interest only loans for 800k. And they have no intention of paying it back.
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Problems are easily masked over when your pockets are being...
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