Quote:
Originally Posted by Paul
Apart from all the house owners who have recently purchased their property and who will face losing everything they own. .
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They will only lose it if they stop making the payments. The collapse in price doesnt stop them making the payments. Most people that move house these days have made profits on the previous houses so its only a pricing correction.
The only people that its a concern for are new buyers who default
---------- Post added at 12:32 ---------- Previous post was at 12:29 ----------
Quote:
Originally Posted by Russ B
What about us people who have no chance of getting on the property ladder
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I was 10 years younger than you are now when i got on to the property ladder. Was a hard decision (NOT), did i want the millstone or did i want to rent for life.