Northern Rock Anyone?
Northern Rock Anyone?
Out of context: Reply #28
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- trevedda0
Agree, a downturn is bad for creative industry - always the first to go/be cut back.
I think it's worrying when everyone withdraws their savings from the same bank at the same time. The system isn't designed to cope with that.
Ironically, property could be a good bet if shares are not looking as good as they were. House prices do seem over inflated; the problem comes not when the prices go down but when the house value is less than the debt owed. In the 80s it was terrible with mortgages of 100K on houses worth 50K. Negative equity means everything just stops-dead.