Monday, April 2, 2007

It really isn’t just a sub-prime problem in the US

Mortgage crisis hits million-dollar homes

A view from the auction room. Multi-million dollar homes being sold below what mortgagees paid because people overstretched themselves on cheap credit all the way up the salary scale. .......How long before similar UK stories? 2, 3 weeks? A couple of months? (I'm glad I'm renting!).

Posted by royston @ 12:41 AM (404 views)
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