Monday, August 9, 2010

More debt to keep prices up !

A shocking statistic from the property market

How many tenants do you think can't afford to pay their rent? 5% ? 10% ? 15% ? More? I mean, there's been a recession, but we're not in a depression... right? How bad can it be? Well get this... in the first quarter of this year, according to the National Landlords Association, nearly a quarter of tenancies were in arrears. That's right – a quarter!

Posted by ferux @ 11:04 PM (605 views)
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