On Thu, 17 Sep 2009 18:58:25 +0000 (UTC), J G Miller
wrote:

On Thu, 17 Sep 2009 17:13:58 +0100, The Natural Philosopher wrote:

The end of growth as we know it, and it nearly crashed the worlds
financial systenm.

No, what crashed the world's financial systems was the selling on of
domestic mortgage debt which had been generated from banks loaning out
money to people who did not and would never have the means to repay
the loan.

It still doesn't make sense AFAICS week after week (as last night) on
Location^3 young couples in their early 20's search for houses in the
£ 400 - 500k bracket which they intend to buy on a mortgage serviced
out of earned income (after tax naturally). 8-|

Derek