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Fuzzy Duck

Nearly 15% In Negative Equity In Cardiff

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Stolen from the thread on the main forum.

Wales is at 13.2% overall, with Ebbw Vale at 26.7% & Rhondda Valley at 24.8%.

Any rise in IR's is likely to be the straw that breaks the camels back.

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Let's not forget that the crash has yet to properly take effect in most parts of south wales as yet (flats excluded!)... not really a good omen for the future.

Never has buyer beware been more apt in the circumstances ...

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Wales is interesting isn't it - figures show that we are one of the highest areas of the UK in negative equity and one of the highest in terms of people behind on their mortgages - second in both cases to the East Midlands I believe...

But the arrogance continues, the denial, the belief that there is no recession.

It is fascinating to see just how dependent Wales is on the Public Sector. Most in Wales have no idea of the decimation in the Private Sector or what is going on in the SE of England.

Times passes.

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