Monday, November 3, 2008

The numbers are steadily going up..

Three million homeowners face negative equity trap

Three million homeowners, or more than a fifth of households, could end up in the trap of negative equity, with mortgage debts larger than the value of their property, as house prices continue to plunge, new City estimates show.

Posted by v stor @ 06:31 PM (418 views)
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One thought on “The numbers are steadily going up..

  • more and more people are going into negative equity anyway so why doesn’t the govt just drop house prices now so we can get on with trying to save as many jobs as possible if not the recession is going to be a long drawn out affair houses will go down in price anyway only no one will have a job at the end of it all this is the only way to solve this mess we have had thrust upon us by idiot borrowers,bankers, and most of all an idiot govt that doesn’t listen to people fred harrison told brown what would happen 10 years ago but he thought he knew best he could have prevented this , but now we are going to lose a lot of money because of him

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