- Thu Dec 15, 2011 10:01 am #185024
Oh cry me a river. At least these people have mortgages - there are hundreds of thousands of equally hardworking people who can't get one. And I say that as a homeowner (well, mortgage-owner) myself. If you overpaid massively at the height of the boom for a house that is now, amazingly, worth less than you paid for it, then tough. That's how these things work - the value of your investments can go down as well as up. The housing market should have been allowed to correct itself when it started to go tits up, but nooooo.