Yeah yeah, we're all great at moaning...
Yeah yeah, we're all great at moaning...
Devaluation............the bubble burst..........
Simple terms............
A guy gets a loan for €1m to buy a house, he can't make the repayments and the house is now worth €500,000.......
It the bank re posess the house they how have a €1m loan on a house worth €500,000............
There's half a million smachers gone straight away..........
"It's far easier to fight for principles than to live up to them."
L