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Debate House Prices
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ONS: British household debt averaging 173% of income!
Comments
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This is an interesting one, probably what most people refer to as MEW, if the same thing then I know it as HEW.
It measures the value of new loans secured on housing that is not used for house purchases or home improvements. Historically such money usually makes its way into the retail sector as consumer spending.
Housing Equity WithdrawalHope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
It depends what the debt is being used for. If it's being used for productive investment it's not a problem. I suspect it isn't.
I suppose it depends on whether you think Chelsea tractors and ski-ing holidays are a productive investment........much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
neverdespairgirl wrote: »I suppose it depends on whether you think Chelsea tractors and ski-ing holidays are a productive investment.....
Well the latter certainly produce a spring in my step
Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0
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