Alanto put it simple. to buy stuff you need wagesto get wages...

Alan

to put it simple. to buy stuff you need wages

to get wages you need jobs

to have jobs people need to spend

the more debt people carry the less they spend

the less people spend the less jobs are created

the less jobs created the less money people have

the less money people have the less they can spend.


think about it..... House prices so high has put people in so much debt its killed peoples spending, which has killed Australian jobs needed to employ people to keep house prices up...