Friday, May 14, 2010
Yippee! Home-Owner-Ists now have FakeCharities on their side!
Metro: What The Other Papers Say
"The Daily Telegraph: More than five million home owners will be unable to afford a rise in interest rates and will be in danger of being evicted from their homes, charities have warned. Despite repossessions falling slightly at the start of the year, charities and housing experts warned home owners remained “vulnerable” to a rise in interest rates which would put additional pressure on their finances. A third of home owners would not be able to afford a rise."
Posted by mark wadsworth @ 09:58 AM (474 views) Add Comment
2 Comments
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1. Crunchy said...
Why should they have to rent after living in a propt up false and destructive paradigm for so long.
The audacity. Renting surely should be outlawed.
Paradigm indeed!
2. Shazza said...
If people were able to do elementary mathematics then they would be able to calculate in what would happen if interest rates rise and leave a "margin". But no. When interest rates rise, people get angry and blame others for there lack of foresight. The irony is, everyone's readiness to push their finances to the edge actually drives house prices up and feeds the fire. If 0.5% interest rate rise pushes you over the edge THEN DON'T BUY IT !!!!!!