I started this blog in June 2007 asking these questions: Are we in a massive asset bubble that will blow up in our faces ??? - ANSWERED YES ! Is western and particularly British society on the verge of social collapse??? What are the best common sense long term investment strategies to keep you rich? When will consumption/debt bubble economics end and a real savings/production economy begin ???

Monday 4 June 2007

Using your house as a wallet

House prices continue to rise briskly. And since the start of the decade, UK home owners have borrowed an astonishing £264bn against the rising value of their homes.
But is this borrowing, known as mortgage equity withdrawal, a good thing? Two commentators argue the case.

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