Thursday, August 15, 2013
A warning for us all
Falling Netherlands house prices leave owners stuck
The housing dam has broken. Holland is sitting on some 650bn euros in mortgage loans, with many properties worth 25% less than they were before the financial crisis. No other EU consumers are as deeply in debt....
Posted by wilee @ 10:09 PM (3656 views)
2 thoughts on “A warning for us all”
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dill says:
“In 2012 household debt in the Netherlands was a whopping 285% of disposable income.”
Source: http://www.economist.com/news/economic-and-financial-indicators/21578669-household-debt
mombers says:
“One possible future escape route for some stressed homebuyers might be tapping into their accrued personal pension funds – if they have any.”
You couldn’t make it up – they are actually considering bailing out a bank with someone’s pension