Scott,It's a difficult issue. Not the banks fault.If interest...

Scott,
It's a difficult issue. Not the banks fault.

If interest rates rise or people lose a job they can't afford to pay enough to cover the interest and they get into a compound interest spiral of increasing debt. The only way out is top sell while they still have some equity to buy a cheaper home.

If property prices start to fall, as well they may, it is easy to see a negative equity situation for many.

bacci