I am a little confused; people who have over extended themselves are being helped. Why?

Nobody made them try to live out the Australian dream? Is it my fault that Mary Jane’s dream to have the perfect house, husband and kids in the perfect suburb was totally unrealistic? Did she not consider the fact that interest rates can and are likely to rise at any time? Did she not do the mathematics that on a $350,000.00 loan over a 25 year payback period she would be forced to pay back nearly $750,000.00 @ 7%.

I have read hard luck stories all weekend about the Heartland family here and the Dreamland family there. They sit there in the banks house and try and tell us that it is the banks fault and that the banks have “no heart”. After all they are just trying to achieve their god given right to achieve good old Australian dream of homeownership.

I don’t see why it is anyone’s problem but there own. They were greedy in their housing needs, neglected to explore thoroughly the worst case scenarios and are now going to have to learn that life is not about always having someone there to help you. You made your bed, now its bedtime.

I may seem heartless about this but my family learnt this lesson the hard way and vowed never to make the same mistake again and I believe we are better for it. I don’t see why this generations families should be exempt from learning the same life lesson.

If you don’t understand something about what you are doing or what society dictates you should do, go and buy a book about both sides of the argument. Read them and understand both points of view. You will then be far better informed than watching any current affairs show, who, 2 years ago were telling you the best suburbs to ‘buy’ in and now report on foreclosure hardship from all sides of the country.