Saturday, Oct 07, 2006

Credit Action warns of over indebted home buyers News: Frothy temptations in the housing market

Homebuyers are being tempted into taking out mortgages which they may not be able to sustain, warns a money education charity.

Calling the housing market frothy, the charity Credit Action warns that in their eagerness to buy properties, people may be committing to more than they can afford.

According to the charity, conditions in the housing market are starting to mirror those of the early 90s when thousands of people had their homes repossessed.

Posted by tinecu @ 11:11 PM (464 views)
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1 Comment

1. japanese uncle said...

Credit Action who? I've never heard of it. What have they been doing all these ten years? Who are they smugly declaring the needs for financial education now that the bubble seems to have peaked, eh?

I would say this website has been much more instrumental to the enlightenment of the blind public.

Sunday, October 8, 2006 03:44PM Report Comment

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