Wow!!! Some great debate and responses guys. I did wonder if I'd just get a "pi$$ off you miserable old git" reply but these issues have obviously provoked a lot of thought, quite understandably. I believe it will end up being by far the worst crash in history and just hope that most of you manage to ride it out. Fortunately I did see it coming and have for the past 6 years been "saving for a rainy day", we are without doubt in monsoon season!!! I've always adopted Fordies attitude "if you ain't got the cash you can't afford it" apart from the house which was bought on a mortgage and paid off within 5 years as planned Unfortunately those of us who have acted in that way will still have to fund the recovery caused by the irresponsibilities of others be they lenders or borrowers. Paul |