Quote for the socialists among us

Started Feb 6, 2013 | Discussions thread
Midnighter
Senior MemberPosts: 1,727
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Re: How about this then?
In reply to 57even, Feb 7, 2013

57even wrote:

In other words there is no-one more dangerous that someone with nothing to lose, and no-one more reliable that someone with a mortgage

Sadly the US mortgage system is not ideal for building either a stable social or financial structure. A mortgage in Australia is attached to the people taking it out, not the property. You cant simply 'turn in the keys' on it like you can in the US. For us in Aus you could say we have a property market that is in a bubble state but cant collapse, only deflate slowly over time, which is what it has been doing for some years now.

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