Over the interval
2001 to 2007 RM value increased from 5.7 trills to 11. 3 trills
Now by 2015 it had wobbled down to 10 trills
And directly householder house debt ?
Maybe sub 9 trills
Any attempt at debt burden relief channeled thru re fi ?
Max would be a holiday and freeze of outstanding value
Maybe 500 bills ?
Assuming 5 % of outstanding value
Compare to payroll tax holiday
Of maybe 420 bills
7 % of 6 trills.
Nearly 10 trills !