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Did I say you predicted wide spread foreclosures? Perhaps you should read what I post a little more carefully. I'm just letting you know that we see this sort of thing on a regular basis. Mercifully, after a month or two the D&G types tend to slink off with their tails between their legs...

Again, you have totally ignored my point. FACT - Australia's default rates are among the lowest in the world. FACT - Doom and gloomers predicted wide scale foreclosures two years ago, and it hasn't happened. As you have pointed out, PREDICTIONS are Ireland - which is not in Australia -...

We hear this all the time. Home foreclosures were supposed to increase wildly during the GFC, and after a couple of interest rate rises. It hasn't happened. I'm not saying it can't or won't happen, but historically the level of defaults on home loans in Australia is among the lowest in the...

That's a big IF. And an unlikely one.

And so are a lot of other people, making your situation not unique. Do you know what unique means?

Same here. I know no-one doing it, and no-one WANTING to do it.

Sorry, can't talk now. It's 'parole day' at the local prison, so I'm about to shoot down there and see who needs a room. I really need to put my two spare bedrooms to work! :D

Your situation is NOT unique. It is, in fact, normal. Most people don't rent room to strangers.

The spare rooms are there, sure, but they will never likely be let, and the reasons for this are lifestyle reasons, not economic. Sure I could use another $150 bucks a week, but would I share my own house to get this extra cash? No I wouldn't. And, would a tenant accept sharing with the...

You seem to be arguing both sides of the street. The rooms are there, so there is no shortage, but the rooms will never likely be let, so there IS a supply issue. Family members living at home is not latent supply, it is adult kids living at home with mum and dad! When the kids move out, will...

Even if rates rose 1.25%, they would still be lower than August 2008.