Reddit users debate the relativity of mortgage stress versus homelessness
1 Sep 17 11:14 PM · 6d ago · 1 article · 1 post · 4 comments · 2 sources · development 1 of 1
Comments on the study reflect disagreement over whether mortgage stress deserves focus given worse housing insecurity. One commenter argues mortgage holders with homes like the case study's "no working oven" are privileged compared to the unemployed and homeless, while others counter that mortgage pressure is real even if not the worst situation.
“I bought with the intention of having a dual income and had planned the numbers, and it was all going to be manageable. But on a single income, I'm paying around 50% of my wage to the house.”
Emily Knights, Nurse, mortgage holder · reddit ↗Dr Lay San Too Senior research fellow, University of MelbourneEmily Knights Mortgage holder, case study subject
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Reported in the same hours no headline names this development itself — these 1 claim were published in its stretch
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first by The Guardian, 6d ago
What people said 5 voices · verbatim
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It’s easy to factor the rate rises in. It’s all the other shit rising as well that causes problems. Someone might have bought a house with fuel expected at one level and now we’re 20-50cents a litre more in etc. Then it’s shit like your company maybe going through a contraction and concerns about your employment moving forward. And normally…
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But she didn't - did you read the article? Relationship breakdown and now she's dealing with the whole mortgage herself, sure she could probably sell but then she's back in the rental market again and worse off
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Yeah the system is fucked I agree. But my point was if you owned that house it would probably cost $1500 in repayments, maintenance, rates, insurance .. not including bills, everyone has to pay bills..
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If mortgage holders (with no working oven as their biggest issue) think their stressed just imagine how stressed you'd be if your unemployed unable to afford even a roof over your head
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Honestly I was more stressed without a mortgage seeing prices rise than with a mortgage
All 1 developments of Mortgage stress takes mental health toll on Australians as… →
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