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VeryMeanReversion

Girl Meets Boy

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Girl meets boy, gets married, buys small house (so far so good).

Step forward to 2007, upgrade to a bigger house (big mortgage).

Financial worries, boy loses job, couple split up.

Boy stays in house. Girl goes "home" to stay with her Mum.

Boy goes bankrupt.

The Girl has just realised that although she is working, she will not be able to cover the full mortgage and the arrears mean she will probably have to go bankrupt too.

I think one of the financial lessons here is to only get a mortgage based on one salary. If you place your financial life in the hands of the bank and the payments require both of you to be working forever. it is too high risk.

No liar loans were used in the making of this tale.

VMR.

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