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Pillar of the Community

Thailand
1381 Posts
 Posted 02/01/2012  10:45 pm Show Profile Bookmark this topic Add thai-vic to your friends list Get a Link to this Message

Brings a whole new meaning to 'property prices'.

http://www.bbc.co.uk/news/magazine-16744240

Pillar of the Community
United States
1154 Posts
 Posted 02/02/2012  12:47 am  Show Profile Bookmark this reply Add Broken-Coin to your friends list Get a Link to this Reply
Below is the youtube video link...

http://www.youtube.com/watch?v=beK0O25O9aY
Rest in Peace
United States
9104 Posts
 Posted 02/02/2012  07:56 am  Show Profile Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
"We were in this bubble, confidence was high, we were untouchable and within the space of two or three weeks it just took its toll."

He had no fixed income and within months of buying the house found he couldn't meet his mortgage repayments.


Aside from the fact that people with "no fixed income" shouldn't be considered for loans, what did this idiot think he would make his mortgage payments with?

So now we should blame someone else and feel sorry for him.
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