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House Price Crash Forum

jerseydevil

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About jerseydevil

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  1. Although i am a major bear when it comes to house prices and debt levels the key point for me in terms of when the next crash comes is affordability. To track this i use: http://www.cml.org.uk/cml/statistics - ML3 table statistics. What it shows is that back in 1990 interest payments were over 25% of income whereas now it’s less than 15%. Although we've had an increase from a recent low around 10%, is it really enough to cause the increase in current personal bankruptcies and insolvencies? I know unemployment is on the up but i think im missing something. Where were brankruptcies back in
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