On Sep 20, 9:06 am, JNugent
noparticularplacetogo.com>
wrote:> Doug wrote:
>> On 19 Sep, 16:20, Conor
hotmail.com> wrote:>
>
>>>>On 17 Sep, 13:45, Conor
hotmail.com> wrote:>
>>>>>In article <1190012315.284704.268...@
g4g2000hsf.googlegroups.com>, Doug
>>>>>says...> "Fears are mounting that the sub-prime mortgage crisis is beginning to
>
>>>>>>infect America's $300 billion (ВЈ150 billion) car loan market as
>>>>>>evidence emerges of a surge in the numbers of US motorists in
>>>>>>arrears..."
>
>>>>>It may have escaped your notice but this is the UK..
>
>>>>It may have escaped your notice that the economics of the USA also has
>>>>an effect on us. Seen the news lately?
>
>>>You obviously haven't. The problem is being caused by mortgage debt...
>
>> Nope, ALL debt levels are too high.
>
>>>>This country is up to its ears
>>>>in debt and some of it is car debt.
>>>>How much do you owe?
>
>>>Nothing except for a small mortgage which I can afford to pay even if
>>>I'm on the dole, has only 8 of its 10 years remaining and I intend to
>>>be fully free of by my 40th birthday.
>> So you are still in debt?
>
> Well yes - he's not a council tenant.
>
> In other words, he bears the costs of housing himself and his family,
> rather than letting that fall on others. There is, of course, massive
> debt in respect of council housing (up in the gazillions), but the
> occupants don't pay it.
Doug would have trouble following the idea that some else is having to
pick up the tab for his lifestyle...
Its all just magically provided by the council and all those repairs
just happen etc.
Fod
