Normal
Only on the East Coast, specifically Sydney/ Melbourne and if interest rates do take off, it will only be the ponzi members in Sydney/Melbourne who will bear the brunt of it.Australia doesn't need a great depression, only 10 million people live in Sydney/ Melbourne, how many of those are in debt upto their eyeballs and how many of them will default?It isn't a disaster, it is a localised wealth redistribution, for everyone who can't afford the payments, there will be someone who picks up a bargain on the mortgagee sale, no point being emotional that's the way life is when investing.
Only on the East Coast, specifically Sydney/ Melbourne and if interest rates do take off, it will only be the ponzi members in Sydney/Melbourne who will bear the brunt of it.
Australia doesn't need a great depression, only 10 million people live in Sydney/ Melbourne, how many of those are in debt upto their eyeballs and how many of them will default?
It isn't a disaster, it is a localised wealth redistribution, for everyone who can't afford the payments, there will be someone who picks up a bargain on the mortgagee sale, no point being emotional that's the way life is when investing.
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