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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Date: 2008-01-26 02:11 pm (UTC)