Friday, February 08, 2008

House repossessions

On my drive in to work this morning BBC Radio 5's wake up to money and then the Today programme were making a big fuss about the number of repossessions last year, I've just had a look and whilst the situation isn't good, it isn't dire either. Anyway, I'll try to comment in more detail tonight.

Whilst every repossession is general tragic for those involved here's a couple of questions you might want to consider:

1. How many are because of divorce?
2. How many have had had mortgage equity release in the past 5 years and spent the money on cars, holidays and other none essentials?

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