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New Use For Old Notes

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Pillar of the Community

Thailand
1509 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 Number of Subscribers
Brings a whole new meaning to 'property prices'.

http://www.bbc.co.uk/news/magazine-16744240
Pillar of the Community
Broken-Coin's Avatar
United States
1812 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?featur...=beK0O25O9aY
Rest in Peace
biggfredd's Avatar
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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