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by Boo_Randy
The housing bubble busts in the hottest markets like Australia and New Zealand, where people borrowed as much as 11X their income due to insanely overpriced housing, are going to be spectacular. Got popcorn?
www.news.com.au/finance/economy/interest-rates/500000-aussies-facing-mortgage-cliff-as-ultralow-fixedrate-terms-wind-down/news-story/c12c6a483498468ee017a48dba58d37d
Hundreds of thousands of mortgage holders face a jarring surge in repayment costs in the coming months as their ultra-low fixed-term plans wind down.
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