Thursday, 11 February 2010
Just wait until the interest rates rise.That's when yellow streak Brown's chickens will come home to roost.
The number of repossessions soared to a 14-year high last year as the recession battered Britain, new figures showed today.Around 46,000 people lose their homes throughout 2009, the highest level since 1995 and a massive 15 per cent rise on the previous year.
Each case of repossession has its reasons. The loss of employment, living a lifestyle beyond "ones means" or as a result of relationship breakdowns. From such, some need sympathy whilst others require none. All this means are a load of houses will fall into the hands of landlords and speculators at knock down prices. Many will be left empty ready for a second cash-in when the next boom arrives. The criminals of 2008 who stole jobs, jacked up prices, taxes and kept interest rates high are to blame by pushing people over the edge.