Saturday, Sep 29, 2007
Britons are rich! But read the small print - if house prices crash we are in negative equity!
BBC: UK personal wealth at £6 trillion
Halifax point out that due to the increase in house prices people are now richer than they have ever been. Yep, but what happens when the prices go down? Oh negative equity! If we want to be rich we need to learn to diversify i.e. some gold, cash, shares, property etc.
Posted by ian @ 06:53 AM (134 views) Add Comment
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