Doomed or is it Boomed, I forget

[Pondlife]

Repossessions rise 'set to go on'

Experts say sub-prime lending is contributing to mortgage difficulties
House repossessions are their highest level for eight years and the rise is expected to continue, a BBC Wales investigation has found.

Almost 3,000 possession orders were granted in courts in Wales in the first half of 2007.

Housing industry observers said high property prices and rising mortgage costs will fuel repossession figures.

The Council of Mortgage Lenders predicted that any rise in repossessions would be a modest one.

The Week In Week Out programme looked at the housing market in Wales - where house prices have trebled in a decade - as it is hit by falling property prices and five interest rate rises since August last year.

http://news.bbc.co.uk/2/hi/uk_news/wales/7056951.stm

Just the start me thinks. Or is it just because we don't have a migration problem in Wales

[AtW]

It's always boom for someone - in this case debt collectors...

[DBA_bloke]

It's always boom for someone - in this case debt collectors...

Used to be a kid at my school. Ginger, weedy, a real background nonentity.

Met him a few years ago: he's a hard-assed debt collector now. And utterly terrifying, too. I asked him how he dealt with debtors' snappy alsations, etc., when he called 'round to get the lolly. He mentioned something about an axe.