lubby

well said who is the real loser in this case? its the person with the mortgage a no job, not the bank or the government, a payment 'holiday' .... you have to come back from a holiday

and you've done exactly the same and ignored my point...

Mistakes??? why mistakes??? i don't understand where you get that?? its more fortune than mistakes isn't it? if someone is made redundant because of the economic down turn, how is that their mistake? If someone buys their first home a high price just before the property crash how is that a mistake? are you saying all us ordinary people out here should have been able to predict this?? I am an average person on average wage in an average house, luckliy for me i bought my house in 98 so i have equity, due to the credit bubble, not due to me me being prudent etc etc.. blah blah blah.... mostly this is all a game of luck really i think. i bought my house for 100k, its now worth 200k.... proably sunk abit it the last few months though, but hey I could repay by mortgage if I had to, If I wanted to but by house today though i expect I'd be forced into a high ltv etc etc.. blah blah blah.... you can't blame the poor indivduals or accuse them of being greedy after all my next door neighbour with 125% paying far more a month than me for living in exactly the same house isn't getting anymore for his koney, just the samje modest terraced hose.... what would we have done if property was priced so highly in our generation? You can't rent forever, what will happen when you reach retirment? people buy hpouses for a home and for security.. they never should have been seeen a 'pension or fincail investment' shame on you people who want to see ordinary people kicked out of their homes.. how would you like it??? and if we are not careful if house prices keep falling more of us could end up in that boat! booooooooooo to you austrsian .... oh and I heard that in austrai it is legal to take out foreigh currencey mortgages, with all the fx movement isn't that a 'mistake' hahahaha