this post was submitted on 08 Mar 2025
4 points (100.0% liked)

Australia

3960 readers
219 users here now

A place to discuss Australia and important Australian issues.

Before you post:

If you're posting anything related to:

If you're posting Australian News (not opinion or discussion pieces) post it to Australian News

Rules

This community is run under the rules of aussie.zone. In addition to those rules:

Banner Photo

Congratulations to @Tau@aussie.zone who had the most upvoted submission to our banner photo competition

Recommended and Related Communities

Be sure to check out and subscribe to our related communities on aussie.zone:

Plus other communities for sport and major cities.

https://aussie.zone/communities

Moderation

Since Kbin doesn't show Lemmy Moderators, I'll list them here. Also note that Kbin does not distinguish moderator comments.

Additionally, we have our instance admins: @lodion@aussie.zone and @Nath@aussie.zone

founded 2 years ago
MODERATORS
 

Property investment is ingrained in the Australian psyche, but is it too easy to cast landlords as the villain in our housing crisis?

you are viewing a single comment's thread
view the rest of the comments
[–] null_dot@lemmy.dbzer0.com 1 points 3 days ago

That's not really how mortgages work.

If your house is worth less than your mortgage the bank can't just ask you to cough up. That's absurd really.

It's just that if you sell you can't settle the mortgage with the proceeds.