Monday, Oct 09, 2006

People are running out of money

The Scotsman: Available cash to spend falls as rising cost of mortgages hits home

"THE amount of money available to be spent by the typical Scottish household has plunged by more than one-quarter in just six months", or so it says. Apparently it's been caused by "homeowners taking on larger mortgages that had outstripped the growth in house prices.". Well, there's a surprise.

Posted by scunnered @ 09:58 AM (444 views)
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