12% of home owners with any mortgage in the US are now one month or more behind on their mortgage the highest percentage ever. This compares to 8% just on a year ago. The group most highly affected are people with college degrees or technical training who could afford to by a house but used a prime fixed rate mortgages and are now losing their jobs. 48% of the subprime mortgage home owners are behind on their payments
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home