MoneyWeek: The trouble with interest-only mortgages

You could walk up to a guy with a spider’s web tattooed on his neck and offer an unsolicited critique on his selection of face studs, or you could invest in property; in either case, the result will be painful. Right now, the world economy is like Wile E. Coyote when he’s just chased Road Runner off a cliff; only his disbelief keeps him hovering, defying gravity itself. After the 9/11 terrorist attacks, US Federal Reserve chairman, Alan Greenspan, flooded the world with money and the UK followed suit. This may have been a decent strategy at a time when the world economy was under threat and they reckoned stuffing loot into our pockets would take our minds off the bogey man; but they forgot to turn off the tap.