Well I'm glad at least one country is making strides to get back what is owed to them, what is wrong with that at the end of the day?...if I lent a bloke a grand on trust and he did a runner I'd find ways of getting it back, wouldn't you?
The problem, especially here in the UK is set to get worse too, there are a whole swage of people who have taken out virtually 0% mortgages and "own" properties that in all honesty they shouldn't as they can't afford to.
I know the banks take a fair amount of stick (from me as well) but it is the greedy people of this world who have snatched the money at these silly rates and will be stuffed once normality returns.....then they'll just plead "diplomatic immunity" in the hope of never having to pay it back..........which of course they'll have to
These cheap loans have in part been sponsored by savers to make the balance even more unfair. Jeez I decides to pay my mortgage off 10 years back for some stupid reason and feel a right mug now.
A fair way to equalise things in the fair world would be to pay 4% standard interest on savings accounts and put mortgages up to 4%............nice in theory but the repo men would be inundated.
Chap up the road from us thinks I'm a mug for paying off the mortgage when he gloatingly tells me what he pays.....thing is it'll be him who's moving to a council estate when things get back to normal not me
It is a bastrad though having to do the occasional deal and duck and dive to keep the capital growing a bit, as opposed to it just bringing a nice income in as generations before enjoyed......one way traffic in my mind and far from all the banks fault IMHO.
Property owner in Andalucia since 2002. How time flies.