[QUOTE=Mr S1;3292384]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. /QUOTE]

If someone gets themselves a mortgage that they can barely afford, and then suffers from inflation then I see that as greed. The banks are greedy too, but entering into a long term monetary transaction where there is a risk of it exceding your finances is IMHO foolish and greedy.