Wednesday, February 28, 2007

markets slip further as Shrubbery pretend nothing is happening

So this is somewhat disturbing. I'm no economist but the continued slump of UK markets is bad news to anyone with a mortgage. The overblown housing market is a bubble waiting to burst and a prime example of the failure of free markets. The lack of affordable housing in the UK is shameful. My wiff and I now gross 40k a year but we are still not even considering a mortgage because of all my debts from 6 years of university. I may be fucking clever and well paid on paper (still below the UK average) but I'm also fucking broke. This news is not good for me or anyone else.

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