The Bubble Goes Bang

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 ???

Wednesday, 31 December 2008

Half of middle class home owners in the UK fear their properties could be repossessed

The news comes after the Council for Mortgage Lenders forecast that the number of repossessions is likely nearly to double to 75,000 next year.

A YouGov poll, carried out for a new report from Tory MP Grant Shapps, found that 44 per cent of mortgage holders are worried that lenders could force them out of their properties next year.

A similar proportion were worried about not being able to meet mortgage payments between now and the end of 2010.

The study - The New Homeless - found that the concern among homeowners about losing the roof over their heads in the economic downturn stretched across society

more ...

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Posted by AC at 21:43
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