[garinda]

Don't forget house prices can and have gone down in the past. When I bought my first flat in London lots of people were in negative equity, paying mortgages on flats that were valued less than the actual property.

Also interests rates can change. People that are tempted to have mortgages many times higher than their salary must keep in mind that this may alter in the next twenty five years. In the early nineties interest rates were at a crippling 15%, and many people subsequently lost their homes.