Alanto put it simple. to buy stuff you need wagesto get wages you need jobsto have jobs people need to spendthe more debt people carry the less they spendthe less people spend the less jobs are createdthe less jobs created the less money people havethe 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...