Originally Posted by
DanW@FastFord
That's 'greed' though!!! We made sure that we bought a house within our means, so even if I got sacked tomorrow we would still have a house if I had to get a crappy job.
Missing the point mate. It was greed on the banks part, not the borrower....they had to pay what the market dictated the property was worth. And why were property prices like they were ? Because money was so easily available. And why was it so easily available ? Because the banks made it that way out of greed.
And I agree - estate agents and finance brokers have been making fortunes for 10 years so don't start bleating now about times are hard........won't be alot of sympathy about.