Re: Re: How is Spain going to deal with Negative Equity?

#102819
Anonymous
Participant

@katy wrote:

Why are they going to lose their home? Interest rates have gone down. Surely the people who borrowed the money should take some responsibility, just because it was available doesn’t mean you have to borrow it. I have 3 credit cards all with a high limit…does that mean it’s the banks fault if I spend the limit on them all?

Maybe if you took time to read the article you’d realise interest rates have gone up by 4 increases since 2009! People were trying to get a start in life and take a mortgage out to buy a roof over their head. Every been their Katy or did you live mortgage free all your life?