i dont know the figures, but many aussies have a house mortgage. in the event of a depression, should the gov and banks come to an agreement to help home owners keep their mortgaged homes? is there precident?
should there be a percentage of equity owned in the home before the aid kicks in, so as to not try and save those whom have borrowed too much, but help those whith a manageable mortgage in in normal circumstances?
how may it work?