ext_288790 ([identity profile] liz-uk.livejournal.com) wrote in [personal profile] dalthauser 2008-01-26 02:11 pm (UTC)

With the whole housing crisis and recession in the news I'm reminded to be grateful that I own my home with a reasonable low interest mortgage that - as long as I'm employed - I can afford to make payments on every month. There are plenty of people not as fortunate as I am. I feel very poor most days, but I don't have the massive credit card debt other people have, and I live within my means - so that's something.

The same scenario is being played out here, house prices are stagnant or going down, Credit Card debt is around 4 billion and repossessions are getting common. [I've always belived house prices should be capped] We're glad we don't have a mortgage.

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