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Saturday, November 03, 2007
Stuffed at both ends
I overheard a classroom assistant talking about her monster mortgage and how it's gone up another £300 a month - just as the Council is planning to cut the pay of thousands of workers in order to tackle its huge budget deficit. Should she sell? Just as everybody else is considering the same course of action?
We look at our situation and grumble that we're stuffed, but Dr Housing Bubble (Financial Sense, yesterday) demonstrates how we're force fed with credit and high prices at the front end, too.
The figures will differ from one person to another. Do your own math, and work out what you should do - soon.