dalek, it will break the backs of the fhb....a whole 250 per year on 100k's loan....or 500 on 200k, or 750 on 300 k's... 20 per month will crucify them.....they will be up and selling tomorrow....I mean that is serious money....
so champers all round again....so they can rejoice at the poor stupid fhb's who over extended themselves (their words)
and the local crowd here will be fighting each other to buy those same cheap houses now... no wait...this crowd is expecting rates at 20% and house prices down 50%, there is no way they are going out into FGB territory....thats too far out....and too cheap out there in suburbia
oh dear, well I guess there is more waiting time whilst we suffer the humiliation of watching our house prices plunge into oblivion.... guess the mums and dads might have to dip into the kitty to come up with the extra money the kids will need to keep their houses....or welcome them back home whilst they put the house up for rent.... geez or they could give up drinks on friday night
