We're all doomed!


For the last couple of years that I have worked as a mortgage journalist there has always been what I suppose we can call the elephant in the room - to pinch a rather well worn political phrase - of a housing market gone bust.

This has much to do with the experiences of many that have worked in the mortgage industry for the last couple of decades during which they lived through at least one housing market collapse. It has also largely been disregarded as rather an unlikely possibility in the new, modern, more stable, economic environment. In fact, various organisations from the Council of Mortgage Lenders (CML) to the British Banker’s Association (BBA) to the Association of Mortgage Intermediaries, the Halifax and Nationwide Building Society have been at pains over the last couple of years to tell us just how r...

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