News Blog > Another raft of scary articles on the financial system …
People who bought their house about 15 years ago before the bubble started, and haven’t done any equity withdrawal since are not going to face negative equity unless things get really really bad – a lot more than a 15% drop in house prices. The conclusion may well be right, but the figures they are using to … 2. voiceofreason said… Does this mean that what has really happened is that central banks effectively swapped gold backed currency for property backed currency ? …
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