Friday, Jul 06, 2007
Ahh - good olde Daily Express
Daily Express: Average British Family is now £55,000 in debt
Will this effect sentiment? "Up to nine million Britons now confess to having a serious debt problem."
Posted by nearly30 @ 11:23 PM (164 views) Add Comment
5 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. nearly30 said...
Ahh..bless..the 2 comments at the bottom of the article are from people spouting the BNP rhetoric!!
Well - this is how Nazi Germany started - now where did I put that wheel barrow full of cash, need to go down the shops for a loaf of bread.
Bugger!! Need a canoe again it's raining - bloody NuLabour 2.0!!!
2. enuii said...
Lets see "the average household owes £55000 including outstanding mortgages" so that leaves plenty of equity left in the bank based on the average house price of £200 something K. Therefore anyone with an outstanding mortgage of over £55k has a serious debt problem! All in all its a bit of a meaningless statistic exploited to its full potential via a catchy headline by a pretty meaningless paper.
3. vfr said...
what a stupid article. it's like saying every man women and CHILD is £10,000 in debt. Why don't we include commercial debts as well. whooops my 17 year old is now 213,000 in debt.
4. uncle chris said...
Hmmm - my family has absolutely no debt - so there must be a family out there with £110,000 debt. Can anyone think 10 years back when £100,000 seemed like a staggering amount of money to be borrowing - think I had a mortgage of £29,000 back then. Problem is that many people have become detached from the real value of money but, sadly, will spend the rest of their debt-burdened lives learning the harsh lesson and stressing that they might lose one of their incomes before they reach the retirement age of 70.
5. confused76 said...
Folks
Prices are set by the marginal sellers/buyers
so if 90% is as rich as Mr Abramovich and 10% is in deep shit, that 10% is going to crash the house prices, unless the rest of the 90% does not decide for whatever reason to bail the 10% out (and watch out since Mr Brown may concot something similar)