Fred <br />My Wife reminds me the days 10-12 years ago when we moved to St Clair Sydney the Interest rates were 15.50 % and they rose to 17.50% in 9 months and stayed like this for a year before they slowly came down now those days the average loan was around $45,000 I borrowed less than that but it still hurt me and in our street 3 families had their houses reposessed.<br />Now these days where the banks are throwing money around and the average loan in St Clair is around $180,000 shit if the rates went up to 10% the queue of defaulters would be long.<br />What gets me how in the F..K can a couple borrow $250,000 when John Howards Gorvernment is pushing Part time/Casual/and contract work,ask the banks what group is the highest in the defaulting bracket.Yes this massive loan is over 30 years and once you get over 40 years old you will see how hard it is to get employment.the old days were good you were guaranteed employment for life till you collected your gold watch on you 65th birthday,now forget that<br />The big house I bought here in Cashmere was Repossessed from a family that could not make their repayments,,,arrrrr well this is my saying where there is confusion there is profit <br />Phil <img border="0" title="" alt="[Smile]" src="images/icons/default/smile.gif" /><br /> <br /> <small>[ 23. September 2002, 07:26 PM: Message edited by: P Debono ]</small>