Quote Originally Posted by A Quiet Monkfish View Post
In 1990 Interest rates were 15%. We were paying near 17% - plus an endowment[remember those], which was taking up over half our combined salaries - something like £1000 per month.
I was working for the council at the time, working the same van with a guy, he couldnt afford to sell his house ( negative equity ) and used to every Friday ( pay day ) borrow £50 from me, would pay it back over the week and then go again, I asked him where the extra money was coming from in bits and pieces, he said " selling stuff , maybe a few hours doing private work "

we have had it good for a long time, I feel almost spoilt by the low interest rates for some long