NEGATIVE EQUITY

I am keeping people focused on one of the major problems of the decade.
House prices are falling rapidly, only yesterday, the National House Building Federation, proclaimed that house prices could, (notice COULD) rise, by 25%. Well they would say that wouldn't they? They have a vested interest.
My informers have told me the complete opposite, they are in the business and have no vested interest.
23,000 new mortgages offered, (not all will be taken up) last month for the whole of the country, that should sound alarm bells ringing to all those that are paying a mortgage, but I bet it hasn't....yet! Some people would not even notice if a tardus landed on Dawlish beach.
I am not an advocate of gloom, I just tell people as it is.