Barefoot Investor Scott Pape has given a confronting response to an Aussie mum who asked him about her son’s gambling debt.
The five per cent deposit scheme for first home buyers rolled out across Australia just over a month ago, but one investor has claimed it could end in disaster.
“My adult son posed a hypothetical question the other day: what happens if someone dies and they have a huge gambling debt?” the woman, identified only as Sharron, wrote in a reader-submitted question.
“Sadly this is the reality for many young men today,” she continued.
“Is the debt something that needs to be paid out of the deceased person’s will? We are fortunate to not have this situation but he knows young men with babies who do!”
Mr…