Re: Housing Crash....
Posted: Mon Sep 10, 2007 6:14 pm
well I hope it happens.
will stop these "key workers" fucking moaning.
will stop these "key workers" fucking moaning.
Lots of people lost their houses in the 1980 boom times due to high interest rates
Now it appears many will lose their houses due to lax lending standards
ie 100% of the value with no deposit or a grant from the Govt
Everytime theres a correction in the value of their property downwards they faced the possibility of eviction...truly despicable IMHO
The real carnage will be felt when 1st home buyers can no longer afford to even enter the market