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Debate House Prices
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House prices to fall by 40% from peak, 3-4 million in neg. equity
Comments
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LOL, yes they've been trotting that one out ever since personal debt went over a trillion quid. Reads slightly different if you replace the phrase "UK housing stock" with "potential debt waiting for the next set of customers"...Cannon_Fodder wrote: »Interesting line in the middle of that article..."there is no cause for panic as personal debt is well covered by the UK housing stock"...
Errmm....they might need to revisit that opinion!!!0 -
I get the feeling that bailouts for everyone will be in the offing. With the prudent paying for them.--
Every pound less borrowed (to buy a house) is more than two pounds less to repay and more than three pounds less to earn, over the course of a typical mortgage.0
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