Buddy
9 Feb 2008
Real Estate / Interesting Article on Polish Real Estate [33]
This I think the chances of a Subprime morgage crisis in the UK is a very real possibility.
I know in London lots of seriously unscrupulous morgage brokers who have helped many of my friends on to the property ladder but I fear this will blow up in their mugs.
Dustmen who have declared £60,000 salaries because the mortgage broker told them that it was the only way they would get on the property ladder and because in the next breathe who told them that the price of property always goes up. that coupled with Property Porn with Sarah Beeney or some other soppy tart telling the viewers that any monkey can become a property millionaire you just need to borrow a shed load of money, install a new kitchen and paint the walls magnolia then you are laughing.
This I think the chances of a Subprime morgage crisis in the UK is a very real possibility.
I know in London lots of seriously unscrupulous morgage brokers who have helped many of my friends on to the property ladder but I fear this will blow up in their mugs.