Saturday, March 27, 2010
Just another article about our debts. Ho hum. Then I read this bit: "But when you consider that 43 per cent of all mortgages are now interest-only, you can see how precarious the situation is." Please, somebody tell me this is not correct. I think of myself as a bear but 43% of mortgages are interest only?!!!! Please somebody tell me this is not correct. There's a lot more in this article about social unrest but I don't want to go there right now.