Why Not Help Troubled Mortgage Owners If We Pay Out Millions On Rent Allowance?

You're both wrong. They were never 200K long term unemployed during the boom.

We currently have [broken link removed] which is a rate of 14.9%.

The lowest rate during the boom was 4.3%. Approximately 128K by just extrapolating those figures.

The number of those who would have been long unemployed would not have constituted more than 20% of that number. Full employment is deemed to be about 4/4.5% as there are always people between jobs/study for a period of time.

The vast majority of the people currently unemployed are those who worked in boom time industries.
 
Hi Brendan Interesting reading, I met with with bank on Thursday and they have provisionally agreed to extend the term of interest only for another 6 months i will find out for definitely in the next week. They say they dont think it will be refused as we have done everything they have asked us to do with regard to bringing down our debt with credit union and bills etc.
 
You're both wrong. They were never 200K long term unemployed during the boom.


The number of those who would have been long unemployed would not have constituted more than 20% of that number.

I just accepted Cashier's figures so apologies for that.