'...what will happen to the outstanding mortgage amount?'
Oz property market is a debt driven Ponzi scheme, akin to a double leveraged synthetic mortgage CDO, the freefall is gonna be absolutely fkn epic #ausbiz
bus broke down outside skyhomish WA went into one of these drank a bunch of miller and talked to a tow truck driver. asked him if he liked living there he said no. asked him if he wanted to move to a bigger city he said no. Asked him what he did outside of work he said nothing