@Dave Sure, I should have said "increase more as compared to the average ratepayer".
As to the effects of negative equity, you're likely right about the risk of foreclosure, but the difficulty of getting further loans at a reasonable rate is still a potentially significant downside, given how often unexpected expenses come up, especially early in home ownership when equity is most likely to be low.
@Dave Good point - a general drop in the market won't cause much change to rates overall. That will still vary a bit due to the differences in the valuation changes by suburb, of course - if your valuation drops less than most parts of your region, your rates may even increase.
With regards to other effects on home owners, as I alluded there are potential issues that could arise if equity goes negative. This won't be a problem for most, especially given the typical deposits required by the banks for home loans, but if valuations drop enough it may come up.
@Ilovethebomb It's not good news for everyone. Just for most people.
Anyone who owns property purely as an investment is being negatively impacted (and probably getting annoyed by the rest of us cheering that fact on). But also anyone who doesn't have enough equity in their home and bought before a large dip might face issues depending on the fine print in their home loan. (I could be wrong on that last - I'm making assumptions based on things happening in the US during the 2008 crash, and those consequences may not apply in our country.)
For the rest of us it's lower cost to buy, lower rates once we've bought, and a chance to point and laugh at anyone heavily invested in real estate. I doubt rents will drop, though.
@Dave Sure, I should have said "increase more as compared to the average ratepayer".
As to the effects of negative equity, you're likely right about the risk of foreclosure, but the difficulty of getting further loans at a reasonable rate is still a potentially significant downside, given how often unexpected expenses come up, especially early in home ownership when equity is most likely to be low.
@Dave Good point - a general drop in the market won't cause much change to rates overall. That will still vary a bit due to the differences in the valuation changes by suburb, of course - if your valuation drops less than most parts of your region, your rates may even increase.
With regards to other effects on home owners, as I alluded there are potential issues that could arise if equity goes negative. This won't be a problem for most, especially given the typical deposits required by the banks for home loans, but if valuations drop enough it may come up.
@Ilovethebomb It's not good news for everyone. Just for most people.
Anyone who owns property purely as an investment is being negatively impacted (and probably getting annoyed by the rest of us cheering that fact on). But also anyone who doesn't have enough equity in their home and bought before a large dip might face issues depending on the fine print in their home loan. (I could be wrong on that last - I'm making assumptions based on things happening in the US during the 2008 crash, and those consequences may not apply in our country.)
For the rest of us it's lower cost to buy, lower rates once we've bought, and a chance to point and laugh at anyone heavily invested in real estate. I doubt rents will drop, though.
@absurdity_of_it_all You'll want to add the backports repo, and install the relevant packages from there. https://backports.debian.org/Instructions/
@absurdity_of_it_all Have you tried installing the kernel and mesa packages from backports?
@BobGnarley Try disabling secure boot in the bios. And maybe UEFI boot path security - I think I've seen that cause issues in the past too.