Originally Posted by
RTM
Completely agree with respect to the LVR Moosie. It would only have taken a 10% decrease in house values to see many folk under water. Not to mention the exposure of the banking system. 20% is probably about the right number....for the whole country. Our young folk need to realise that getting into a house takes time effort and considerable saving. Just as it used to years ago. Nothing has changed there. As an aside...on our second house we had three mortgages...18, 21 and 24 %. Times were tough back in those days as well.