Monday, Dec 17, 2007
Consequences of Greed and Stupidity
Telegraph: Debt burden higher than during 1991 recession
The proportion of households paying more than 20pc of their gross salaries on mortgages and other debts is now higher than it was in 1991, amid the last housing crash.
Posted by quiet guy @ 02:39 PM (267 views) Add Comment
1 Comment
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1. Van Hoogstraten said...
Its a lot worse than 1991 - in those days treats such as interest only mortgages weren't around - households in those days were attempting to pay off their debts, now they just "service" them