stats

Aahh you are looking for an investment? And silly me was thinking you wanted to buy a house to live in!!

So this is a good case??? for whom ? Owner goes bust and bank loses 150K now give an example of a BAD case please

Yes I understand that, but that's a very big if. These are typical cases which will end in a repossession, because they didn't have a deposit in the first place. The banks will take the hit... sold at auction for < 100K and the bank loses 150K.

No they own the bank £250K and have a house that will not sell!

This house is on the market not for long for 1.1M http://www.propertyfinder.com/cgi-bin/rsea...mp;id=503611311 and is already under offer. Last sold price was £816K June 2006 http://www.nethouseprices.com/index.php?co...&incode=9HG Some people will never learn!

Now lets have a look at some of these numbers: US exposure is $4.39 trillion UK exposure is $278 billion that's a factor of 15.79 For the US this is 0.2% of GDP For the UK this is 7% of GDP, that's a factor of 35 So this implies that the US GDP is 15.79 * 35 = 552.7 times UK GDP I don't think so..... Makes you think about the rest of the article though!

I really miss a floor plan here

So is it now suddenly cheaper to rent than to buy in Norwich? Because you could go for another property isn't it.

I bought a house in Turkey, financed with part of my STR fund. White goods in Turkey are of excellent quality especially Arcelik and cost about half of what we pay here. BTW it is Beko and AEG