Comments on: How Housing Affects the Economy http://www.mortgageguideuk.co.uk/blog/uk-housing-market/how-housing-affects-the-economy/ Simplifying Finance, Housing and debt Fri, 10 Feb 2012 11:38:14 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Uncommonadvice http://www.mortgageguideuk.co.uk/blog/uk-housing-market/how-housing-affects-the-economy/comment-page-1/#comment-1704 Uncommonadvice Thu, 18 Sep 2008 14:11:13 +0000 http://www.mortgageguideuk.co.uk/blog/?p=333#comment-1704 There are hundreds of industries that have made fortunes on the back of remortgages and equity withdrawal. You wouldn't believe the amount of people I've met who bought their house from the council for, say, £35000 but now owe more than £100,000 on it. Generally this cash has went on home improvements, holidays and cars. These industries will be hit the most by the house price decline. Also - watch the birth rate slow up as people decide against having more kids. There are hundreds of industries that have made fortunes on the back of remortgages and equity withdrawal.

You wouldn’t believe the amount of people I’ve met who bought their house from the council for, say, £35000 but now owe more than £100,000 on it. Generally this cash has went on home improvements, holidays and cars. These industries will be hit the most by the house price decline. Also – watch the birth rate slow up as people decide against having more kids.

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