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WillowTheWhisp · 13-01-2007, 07:52

A lot of people lost their homes entirely when rates went sky high and they couldn't keep up the payments. My old boss always used to say buy the dearest house you can afford because back then you got tax relief too and he was always of the opinion that prices could only go up. He'd never known them to fall like they did and leave so many people with negative equity.

13-01-2007, 07:52	#34
WillowTheWhisp Resident Waffler Join Date: Jun 2004 Location: Accrington, Hyndburn Posts: 18,142 Blog Entries: 14 Liked: 14 times Rep Power: 1062	Re: Interest rate rise A lot of people lost their homes entirely when rates went sky high and they couldn't keep up the payments. My old boss always used to say buy the dearest house you can afford because back then you got tax relief too and he was always of the opinion that prices could only go up. He'd never known them to fall like they did and leave so many people with negative equity. __________________