Posted by Ted on December 06, 2011 at 18:46:11:
The Gov. increased mortgage interest relief for people who bought houses between 2004-2008.
So, people who were foolish enough to buy ridiculously overpriced houses during the Boom are being bailed out.
These buyers could have held off (rented) and waited until prices dropped. Instead they encouraged the exaggerated prices buy buying at the prices they did.
For the person who was smart enough to hold off buying until 2009/2010 but is still finding it hard to pay the mortgage…tough, your sense of responsibility has been your downfall.
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